The Point When a Buyer Meets a Seller, Signifies   the   Beginning of Economic Integration

The Point When a Buyer Meets a Seller,

Signifies   the   Beginning of

Economic Integration

Economic Integration
Summary
“The fact remains that as our economies become more and more interdependent, the ability to achieve real economic integration is challenged by various conditions that inhibit its realization.”
Details
While world leaders have recognized the importance of economic integration as a basis for sustaining global economic growth, economic integration has still not been properly defined and implemented.

Various methods have been used to define and implement economic integration such as preferential trade agreements, trade facilitation agreements, free trade areas, customs unions, common markets as well as economic and monetary unions.
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SOLUTION
Details
The main goal of economic integration lies in the reduction of barriers and costs on behalf, both the consumers and the producers, in addition to, increasing trade relations and transactions between countries.

This can be achieved by using the Multi Dimensional Digital Economic Application System (MDDEAS) that will create a new dimension of market intelligence that provides an unprecedented view into buyer and seller behavior and requirements.
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Summary
“MDDEAS will create a new dimension of market intelligence that provides an unprecedented view into buyer and seller behavior and requirements.”
BENEFITS
Summary
“Smart information is presented at the moment that a buyer evaluates any seller’s products or services globally, thus maximizing conversion ratios from seeing a desired product and service to acquisition. Hence, real economic integration is achieved.”
Details
The main benefit of the ecosystem described above is that it allows the creation of the smart e-commerce matrix that will provide the dynamic scoring level needed to:
  • Ensure quality of products & services based on sellers’ global activities.
  • Facilitate and expedite product and service finance.
  • Minimize insurance premiums and optimize coverage.
  • Ensure speed of integration of sellers into the buyer’s supply chain.
  • Ensure the reliability and dependability of thelogistics industry pipeline from seller to buyer.
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