Economic justification Sample Clauses

Economic justification. All work undertaken under this category must have a favorable benefit-to-cost ratio, under Corps of Engineers economic guidelines.
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Economic justification. Intergovernmentalism, on the other hand, defines integration as an inter-state process of negotiating by heads of states where the state’s economic interests transcend any other interests.32 While large states drive the process, small ones use regional institutions as a strategy to deal with more expansive and complex issues. This economic approach is founded on the assumption that productivity is enhanced if states engage in economic activities in which they have comparative advantage which in the ultimate reduces the cost of production and with a ripple effect of reducing prices of goods and services.33 On the economic front, Xxxxxx suggests that regional integration may provide a depth of incremental trade reform going beyond what has occurred under the WTO multilateral trade system.34 These include aspects such as consumer protection and competition law.35 Socio-economic and human rights protection are also more emphasised and given the highest priority at RTA levels than at the WTO multilateral level. 36 Xxxxxxx and Foltea note that economic rationales for concluding preferential agreements include the search for larger markets and for deeper integration, in particular among 31 WTO Secretariat, Regional Trade Agreements Section, Trade Policies Review Division, “The Changing Landscape of RTAs” 2003, paras 23 and 24. 32 Ibid.
Sample 1

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