1. International organizations were established and developed as a controller to the regional integration economics within countries. The purpose of regional integration is to remove the trade barriers within regional countries.

a. Describe the international organizations.

(9 marks)

(CLO2: PLO3: C3)

b. Discuss the restriction and the impact of import.

(12 marks)

(CLO2: PLO3: C4)

c. What is the difference between fiscal incentives and financial incentives?

(4 marks)

(CLO2: PLO3: C2)