Economic Integration | Economic Conglomerates - Economist

"Economic agglomeration" can be defined as the establishment of a group of historically, culturally, culturally, economically, or geographically homogeneous states to integrate with each other in order to achieve a common economic interest for their peoples and economies, through a modality to be agreed upon between all parties.

We find that economic blocs are the endeavors of developing or developed countries, with different ideologies and degrees of growth, to establish giant regional and economic groupings to obtain the following:

We find that there are many successful models on the international scene of economic blocs, the most important of which appear in:

There are many others among them, but the European Union is one of the oldest and most successful blocs, as it has become one of the largest and most complete economic blocs in terms of structure and complementary structures, as it dominates a third of global trade and gets the largest national income in the world and is considered the largest internal economic market.