The creation of a single market through regional economic integration

QUESTION

The creation of a single market through regional economic integration offers significant opportunities because markets that were formerly protected from foreign competition are increasingly open.

Indicate whether the statement is true or false.

 

ANSWER

TRUE
The creation of a single market through regional economic integration offers significant opportunities because markets that were formerly protected from foreign competition are increasingly open. For example, in Europe before 1992, the large French and Italian markets were among the most protected. These markets are now much more open to foreign competition in the form of both exports and direct investment.

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