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International economic integration can in many ways be seen as one of the everyday consequences of globalization. As communication lines grow shorter, more and more countries are seeing the use in hacking down trade barriers. This new edition of Peter Robson's classic text will doubtless please its many fans
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 ...
International economic integration has played a significant part in economic policy decisions for most countries and regions throughout the world over decades. This text looks at why the success of integration schemes has been so variable and what the prospects are for integration in the future.
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 ...
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
The EU Single Market and the opening up of Eastern Europe offer a chance to create a truly pan-European market economy. In this respect, many lessons can be learned from early 20th-century developments in Europe. Bearing this in mind, the authors analyze the fragility of international trade, financial investment and foreign relations in and across Europe, from both a contemporary and historical perspective. In a period of increased migration and higher capital mobility, the major OECD countries are faced with such issues as monetary integration, the role of banks and the requirement for structural adjustment. Even more complex is the integration of Russia. Policymakers and the business community alike are presented simultaneously with unique opportunities and unique challenges - with old and new pitfalls looming.