Abstract

This study conducted towards identifying practical scenario of effectiveness of regional integration on indicators of trade liberalization and economic growth. Empirical analysis using secondary yet quantitative data using eight ratio and trend analysis on 49 European countries (28 EU and 21 Non-EU) portrays outcome in favor of regional integration. While EU countries seem to be performing consistently in both the categories, Non-EU countries are lagging behind. This outcome comes in the support of the traditional supports of free trade and integration and declares that trade integration creates both dynamic and static effects and trades (open and participatory) actually benefit all.

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