... promoted. According to the definition of the website of Investopedia, "an economic arrangement between different regions is marked by the reduction or elimination of trade barriers and the coordination of monetary and fiscal policies. The aim of economic integration is to reduce costs for both consumers and producers, as well as to increase trade between the countries taking part in the agreement ... , the cooperation between the markets of Hong Kong and Shanghai could be strengthened; the position of international financial centre of two cities could be consolidated as well. It is a rec...

• Word Count: 1927
• Approx Pages: 8
• Grade Level: Undergraduate