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Regional Paper Globalization has brought remarkable benefits to the world, and an even greater reliance on others for products and services. This calls for closer international cooperation to ensure that regional integration is ever more inclusive and works for the benefit of all. Regional economic integration is motivated by a desire to exploit the gains from free trade and investment. This paper will analyze the role of regional integration in promoting global business, discuss the advantages and disadvantages of the Asia-Pacific Economic Cooperation (APEC), compare and contrast the economic development stages of countries within APEC and ramifications of APEC economic development for global business. Regional integration is an agreement between counties within a specific region to reduce tariff and non-tariff barriers. Eliminating these barriers will promote the flow of goods, services and production between them. Regional integration promotes global business by building a relationship between counties within a specific region to...

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