Is a customs-defined area in which goods or services may be processed or transacted without attracting

Taxes or duties or being subject to certain government regulations.

The setting up of a customs union with establishing common tariffs in trade and the movement

Of labour and capital. It is a union established between two or more countries if all barriers

(such as tariffs or quotas) to the free exchange of each other’s goods and services are removed and,

At the same time, a common external tariff is established against non-members.

The setting up of an economic union of member-countries holding the coordinated economic

Policy.

The complete integration with a single currency and the common bodies of the government

Economic regulation. An obvious case of going through all four stages is the formation of the European

Union.

Aim (target, goal) treatment

Economic integration creates conditions for internationalization of the production and capital

Among countries.

The process leading to economic integration may be expressed by the logic circuit

DPF IDL -> IPC = GWE -> R -> El, that is: Development of Productive Forces (DPF) -≫

International Division of Labour (IDL) -> internationalization of the Production and Capital

(IPC) = Globalization of the World Economy (GWE) —> Regionalization (R) -> Economic Integration

(El).