Regional Economic Integration Is Defined As The Creation Of Trading Agreements Between

As an important part of the integration of the regional economy, culture and education, the internationalization of higher education plays an important role in regional social and economic development, higher education reform and the quality of talent development. Balassa believed that supranational common markets, with their free movement of economic factors across national borders, naturally generated a demand for further integration, not only economically (through monetary unions), but also politically – and that over time economic communities will naturally develop into political unions. There are both economic and political reasons why nations aspire to economic integration.