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Chapter Outline
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Opening Case
Creating a Single European Market in Financial Services

Introduction

Levels of Economic Integration

The Case for Regional Integration
     The Economic Case for Integration
     The Political Case for Integration

Country Focus
NAFTA and the U.S. Textile Industry
     Impediments to Integration

The Case against Regional Integration

Regional Economic Integration in Europe
     Evolution of the European Union
     Political Structure of the European Union
     The Single European Act
     The Establishment of the Euro

Management Focus
The European Commission and Media Industry Mergers
     Enlargement of the European Union

Regional Economic Integration in the Americas
     The North American Free Trade Agreement
     The Andean Community
     MERCOSUR
     Central American Common Market and CARICOM
     Free Trade Area of the Americas

Regional Economic Integration Elsewhere
     Association of Southeast Asian Nations
     Asia-Pacific Economic Cooperation
     Regional Trade Blocs in Africa

Implications for Managers
     Opportunities
     Threats

Chapter Summary

Critical Thinking and Discussion Questions

Research Task

Closing Case
Car Price Differentials in the European Union

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