Question

Does economic integration brings any impact towards the economic development of a rich or poor country?

Answer 1

Yes

Economic integration refers to the agreement among countries to reduce all barriers of trade and promote free trade among each other.

It helps in economic development of the country by bringing together all players in the economy and promote free trade.

It increases job opportunities and work opportunities and helps people grab those opportunities and increase their incomes.

This will help make the rich and the poor richer, however if the players dont go with the flow, they will end up becoming worse off.