![Explain the factors that limit regional l economic integration among the developing Explain the factors that limit regional l economic integration among the developing](https://digitalteachers.co.ug/wp-content/uploads/2022/09/Bbosa-Science.png)
Explain the factors that limit regional l economic integration among the developing
- They tend to produce similar goods and service which limits market
- Failure/fear to share benefits equally
- Fear to lose customs revenue
- Existence of political instabilities in some of the states
- Differences in the levels of development.
- Differences in social factors e.g. culture, religion, language etc.
- Conflicts among leaders.
- Differences in currencies.
- Differences in political ideologies.
- External interference /sabotage.
- Poor infrastructure among the countries in LDCS.
- Differences in economic policies.
- Lack of political support/will/ignorance of the people.
- Limited geographical proximity between countries.
- Difference in the size of market/population.
- Ignorance of the people about the benefits of integration.
Note: State and explain your points in order to get maximum marks for each point
CATEGORIES Economics
TAGS Dr. Bbosa Science