Benefits of Economic Integration:
- It leads to a better allocation of resources among member nations when trade restrictions are removed.
- It improves the quantity & quantity of factor inputs as a result of technological changes and increase capital inflows.
- It increase production due to specification based on comparative advantage.
- It leads to better exploitation of economic of scale resulting in higher output.
- It increase the volume of trade.
- It increase factor mobility among member countries
- It increase economic efficiency.
