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what is theory of economic integrations? what are costs and benefits of free trade area economic integration? what are costs and benefits of customs union

  1. what is theory of economic integrations?
  2. what are costs and benefits of "free trade area" economic integration?
  3. what are costs and benefits of "customs union" economic integration?
  4. what are costs and benefits of "common market" economic integration.
  5. Compare and contrast "free trade area" ,"customs union", "common market" economic integrations.
  6. Elaborate their progress/challenges.
  7. What did you learn?
  8. What is the single most important benefit and what is the single most important challenge for each of them?
  9. Are there any similarities?
  10. Conclusion
  11. References

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