Is regional integration good for developing and developed countries?

University of Miami| International Business | University of Miami

This question will depend on many factors, including the country’s specific situation. It is widely accepted however that both developed and developing countries can benefit from regional integration. For developing countries, it has been proven that increased cooperation between member states can facilitate economic growth/stability. This allows them to access resources which they wouldn’t otherwise have.

For developed countries, integration on a regional level allows greater access to the markets. Any potential agreements negotiated via such associations also provide many advantages over time. Collaborations among neighbouring nations also provide an opportunity to learn from each other, allowing for more efficient processes.

Conclusion: Regional integration is a powerful tool for achieving maximum gains, regardless of whether the economy in question is highly developed or less so. Organisations can benefit from this by better understanding how to achieve their goals.