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Please list: the two most Significant International Economic Unions in the world today, and Identify at...

Please list: the two most Significant International Economic Unions in the world today, and Identify at which of the five levels each of these Two Unions are.   Please explain your answer.    

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Answer #1

The two notable economic Union known today are

1) European Union

2) NAFTA

Among the five levels of regional integration, can be mentioned that, the European Union is in a economic Union stage of regional integration where it is the penalty meet stages of regional cooperation where the final one would be political integration

NAFTA scenario is different where it is on the initial stages of the regional integration where it is on the free trade area level of regional integration and is one of the basic stages where only free movement of goods and services are available between the three countries of United States Mexico and Canada

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