economic integration
noun[U]
ECONOMICS,POLITICSukusaprocessin which theeconomiesof differentcountriesbecomemoreconnectedbecausegovernmentrules,taxes,limits, etc. areremovedfromtradebetween thosecountries:
Asianeconomicintegrationwouldcreateaformidablecompetitor, but also ahugestimulustoglobalgrowth,tradeandinvestment.