Progress, Setback Causes Of FTAA And Its Impact On The Economy Of China

REI(Regional Economic Integration) was the new phenomenon that appeared after the Second World War. It first came into being in West Europe. Subsequently, REI(Regional Economic Integration) was adopted by the developing countries in Latin America, Asia and Africa. REI(Regional Economic Integration) has influenced significantly the various areas of the world economy, the overall pattern of the world economy and the international economic order. With the global spread of REI(Regional Economic Integration), now REI(Regional Economic Integration) has increasing forms, decreasing exclusive and expanding cooperative areas, which have laid a solid foundation for the ultimate realization of GEI(Global Economic Integration).This paper is made up of the following five parts:The first part is the basic theory of REI(Regional Economic Integration).REI(Regional Economic Integration) is: With the integrated influence of the following two factors, namely, the objective promotion of the development of world productivity and the subjective efforts of each country for the sustained development of national economy, by means of the certain commitment of economic cooperation or the establishment of the economic cooperation organization in a certain form, the countries or areas in each special region seek the liberalization of the commodity circulation and the elements flow inside the region and the optimization of the division of production, until the economic policy of various countries and the regional economic policy system are unified to a certain degree. REI(Regional Economic Integration) has different organization patterns. Based on the goal of integration from low to high, they include free trade area, custom union, common market, economic union and complete economic & political integration.After the Second World War, the world political and economic situations have changed tremendously. The economic relations among various regions of the world become closer and the degree of economic interdependency has enhanced greatly. This situation caused that the regional economic...