Economic integration is beneficial in many ways, as it allows countries to specialize and trade without government interference, which can benefit all economies. It results in a reduction in costs and ultimately an increase in overall wealth.
Improvement of human development, education, health, etc. It refers to economic development. economic growth. economic growth plus changes in the distribution of production and economic structure. improvement of the well-being of the urban population. sustainable increases in the Gross National Product. Economic Development are programs, policies or activities that seek to improve the economic well-being and quality of life of a community. What “economic development” means to you will depend on the community in which you live. Each community has its own opportunities, challenges, and priorities.
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