Explain the factors that limit regional l economic integration among the developing

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

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