‘Peace and prosperity of countries lay in establishing and strengthening of regional economic organizations’. Critically evaluate the statement.

‘Peace and prosperity of countries lay in establishing and strengthening of regional economic organizations’. Critically evaluate the statement.

Ans.12.
(a)The members of Regional organizations resolve their
mutual differences and adopt foreign trade policy, thus give way to their economic development.
(b)Backward countries also get a chance for their development and thus, employment also increases.
(c) Standard of living of every country is improved.
(d)They get facilities of quality education, health and transport.
(e)When the public gets satisfied, then its trust in Nation’s
policy increases and thus along with its capability, also corporates in its policies, which brings peace and prosperity in a country.
(f) There are no chances of public outrage.