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The clearest and most up-to-date account of the achievementsÑand setbacksÑof the European Union since 1945. Europe has been transformed since the Second World War. No longer a checkerboard of entirely sovereign states, the continent has become the largest single-market area in the world, with most of its members ceding certain economic and political powers to the central government of the European Union. This shift is the product of world-historical change, but the process is not well understood. The changes came in fits and starts. There was no single blueprint for reform; rather, the EU is the result of endless political turmoil and dazzling bureaucratic gymnastics. As Brexit demonstrate...
First published in 1962, The Theory of Economic Integration provides an excellent exposition of a complex and far-reaching topic. Professor Balassa has been remarkably successful in covering so much ground with such care and balance, in a treatment which is neither in any way abstruse nor unnecessarily technical. His book will interest economists in Europe by reason of its subject and treatment, but it is also a valuable and reliable textbook for students tackling integration as part of a course of International Economics and for those studying Public Finance. He distinguishes between the various forms of integration (free trade area, customs union, common market, economics union, and total ...
This new edition of Peter Robson's classic text will doubtless please its many fans: improved in many ways including more pedagogy and extra material on trading blocs such as NAFTA, ESEAN and the WTO.
This book is intended to provide a basic understanding of current issues and problems of economic integration. Identifying economic integration as one of the main features of modern international economics, the authors examine its many aspects and consequences which remain as yet obscure and unexplored. After addressing general issues regarding economic integration, the authors include empirical theoretical analyses of the monetary union, social policy reform, social union, public finance and technological policies.
The dissipating multilateral trading system and splintering in a number of trading blocs and arrangements has been one of the most important issues in international economics, particularly after the establishment of the World Trade Organisation in 1995.
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Discusses worldwide economic integration between 1850 and 1930, challenging the popular description of the period after 1918 as one of deglobalisation.
Reproduces from their original publication 30 studies that work within a theory of economic integration that assumes a world where governments strive to maximize national income, which not all theories do. They do not include examples of the current research on the political economy of integration. The discussions are cast in terms of trade of goods, but the ideas should transfer easily to trade in services. They cover trade diversion and creations and the general theory of second best, tariff changes and welfare, optimum tariffs and retaliation, tariff reform, integration and national welfare, customs union welfare, world welfare, customs unions versus free trade areas, integration and sidepayments, and integration and growth. The topics include customs union from a single-country viewpoint, trade and welfare in general equilibrium, a theory of piecemeal policy, inter- commodity substitution with constant real prices, delegation games in customs unions, the move toward free trade zones, and measurable dynamic gains from trade. There is no subject index. Annotation copyrighted by Book News, Inc., Portland, OR
In this innovative work, Guglielmo Carchedi argues that only an analysis centered on class as the basic unit of social life, with production and distribution of value understood as the bedrock of the economy, can throw light on the internal contradictions of European economic integration. Two specific themes emerge from this radical approach. First, familiar topics such as competition and social policy, economic and monetary union, the Common Agricultural Policy and immigration, are treated in an original manner. Second, subjects usually ignored in the standard textbooks, for instance the role of interest groups in the Union's decision-making process, are shown to be of crucial importance in understanding the economics of the European Union. This work therefore provides both an introduction to and a critique of the European project. The book's central message however, is that another sort of Europe is possible, one based on the erosion of economic polarization, on the abolition of Europe's imperialist relations with the Third World, and on the creation of truly democratic institutions of self-determination.
The debates over what African economic integration and development actually entails continue across international economic organizations, national governments and NGOs. Looking closely at these processes, this book combines theory with application, enumerating the imperatives and initiatives governments will be forced to confront and provides insights for policy makers, inter-governmental organizations and educators and students in African development.