Question

Why are regional and economic groupings formed?

पर्याय

• The formation of such regional and economic groups helps the member countries to know the development strategies and measures adopted by other member countries.

• This enables them to analyse their strength and weakness and, thereby, formulate policies to accelerate social progress and cultural development among its member countries.

• Both The formation of such regional and economic groups helps the member countries to know the development strategies and measures adopted by other member countries and this enables them to analyze their strength and weakness and, thereby, formulate policies to accelerate social progress and cultural development among its member countries.

• None of the above

Answer 1

Both The formation of such regional and economic groups helps the member countries to know the development strategies and measures adopted by other member countries and this enables them to analyze their strength and weakness and, thereby, formulate policies to accelerate social progress and cultural development among its member countries.

Explanation:

Different countries around the world are motivated to learn about diverse methods and tactics for strengthening their economies to establish regional and international economic groups such as SAARC, EU, ASEAN, and so on. Such regional and economic development. The member countries benefit from the groups' knowledge. measurements and methods for the development of other countries that are members They can now analyse their strengths and weaknesses in order to improve their performance and develop policies that promote social advancement? as well as its members' cultural growth countries. Another crucial goal is maintenance is what drives the creation of these groupings. member countries' peace and stability In Furthermore, these organisations offer a unified voice. a unifying platform for them to express themselves to preserve their interests on shared issues.