Explain the history, current scope, and future prospects of the world’s most important regional economic agreements.

Read the following statement:

“Group decision making is very popular in complex working environment.

Organizations are embracing group projects and teamwork for their projects and work.”

1. Describe the different levels of regional economic integration.
2. Understand the economic and political arguments for regional economic integration.

3. Explain the history, current scope, and future prospects of the world’s most important regional economic agreements.

4. Describe the functions of the foreign exchange market.
5. Understand what is meant by spot exchange rates.
6. Recognize the role that forward exchange rates play in insuring against foreign exchange risk.