Chapter 8 of the text explains Regional Economic Integration. What are the benefits and drawbacks of nations allying themselves with others in their region in this manner?What are the 5 major steps (types of unions) as they progress toward "political union"?Explain the differences in each.Give the names of at least 3 regional trade areas in the world other than the EU and NAFTA.Why hasn't the EU continued to evolve into a political union?Do you see NAFTA growing to admit other nations?Why or why not?