Economic Integration: Real-World Examples

Worked IB Economics case study on economic integration — what happened, how to deploy it in a 15-mark answer, and the evaluation points on both sides.

Cargo containers and trade routes representing trade between Malaysia and the EFTA states.

Economic Integration

Malaysia–EFTA Free Trade Agreement: Trade Creation, Trade Diversion and Economic Integration

Malaysia, Norway, Switzerland, Iceland, Liechtenstein2025–present

Malaysia and the EFTA states signed a free trade agreement that will cut tariffs and expand trade, while creating adjustment risks.

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