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Copyright © Texas Education Agency, 2012. All Rights Reserved.
2
SWBAT
Student will be able to…
 Identify
the different levels of economic
integration.
 Explain the various arguments surrounding
economic integration.
 Describe the organizations of the European
Community.
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3
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Levels
Economic Integration
Free Trade
Customs Union
Common Market
Economic Union
Political Union
Arguments
Surrounding
European Community
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4
5
• Recreate the chart shown on slide
5 (and here). You can do this on
paper or electronically.
• In addition to recreating the chart,
also record the following
information:
• Where does the US fall on the
chart?
• Where does Europe fall on the
chart?
• If you are from another
country beside the US, where
does your home country fall
on the chart?
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6
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Argument 1 – The more integrated the economies become,
the fewer trade barriers exist and the more economic and
political coordination there is between the member states.
Argument 2 – By integrating the economies of more than
one country, the short term benefits from tariffs and other
trade barriers is diminished.
Argument 3 – At the same time, the more integrated the
economies become the less power the governments of the
member states would have to make adjustments that would
benefit themselves.
Argument 4 – In periods of economic growth, being
integrated can lead to greater long-term economic benefits.
Argument 5 – In periods of poor growth, being integrated
can actually make things worse.
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7
Pick one of the arguments listed on the previous slide
and give an example (specific example) of this
argument that is addressed in the news.
Example
Argument 1 – The more integrated the economies become, the fewer trade barriers
exist and the more economic and political coordination there is between the
member states.
Article found talking about President Obama requesting China to lift restrictions on
rare earth materials (17 elements) because China holds 97% of the world’s
production.
http://idealab.talkingpointsmemo.com/2012/03/president-obamacalls-on-china-to-lift-rare-earth-trade-restrictions.php
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8
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The EU is a unique economic and political partnership between 27 European
countries that together cover much of the continent.
It was created in the aftermath of the Second World War. The first steps were
to foster economic cooperation: the idea being that countries who trade with
one another become economically interdependent and so more likely to avoid
conflict.
Since then, the EU has developed into a huge single market with the euro as its
common currency. What began as a purely economic union has evolved into an
organization spanning all policy areas, from development aid to environment.
It has delivered half a century of peace, stability, and prosperity, helped raise
living standards, and launched a single European currency. Thanks to the
abolition of border controls between EU countries, people can travel freely
throughout most of the continent. And it's also become much easier to live and
work abroad in Europe.
One of its main goals is to promote human rights both internally and around
the world. Human dignity, freedom, democracy, equality, the rule of law, and
respect for human rights: these are the core values of the EU.
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9
 Do
you think the European way of doing integrated
business is better than the way the US does
integrated business (NAFTA)?
 Why or why not?
 Why do you think the US is only in agreement with
three countries (US, Canada, and Mexico) while the
European Community has twenty seven members
of its group with six candidate countries?
 Can you see benefits and drawbacks to both ways
of doing business? What are they?
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10
 Can
you identify the
different levels of
economic integration?
 Can you explain the
various arguments
surrounding economic
integration?
 Can you describe the
organizations of the
European Community?
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11
Levels of Economic Integration
Find and report (name of movie and synopsis) on a movie in which the
main subject is dealing with free trade.
Economic Integration Arguments
Aggressive companies in some regions of the world commonly use payoffs
to gain access to new markets. Some countries consider bribes to be taxdeductible business expenses. However, in the US companies face healthy
fines and prison sentences when US laws are violated. Which of these do
you agree with and why? Identify any drawbacks or benefits to whichever
side you choose.
European Community
Find out and report on 1) the exact countries that are currently in the
European Union, 2) the exact countries that are candidates to be in the
European Union, and 3) the European countries that are not in the
European Union.
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