Softcover reprint of the original 1st ed. 1995, X, 265 pp. 11 figs., 17 tabs.
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International economic integration is a topic upon which both academics and policy-makers are focusing a great deal of attention. This has perhaps been most marked in western Europe, given the establishing of the inter nal market and the prospects for an economic and monetary union. In parallel with the movement toward widening and deeping of western European economic integration, we find an increased integration of eastern Europe to world trade and finance as well as regional integration in North America and in East Asia. The book on hand provides a collection of recent research by leading scholars and practicians in this field. It is divided into three parts. The first part deals with some theoretical aspects of international integration, the second and the third part attend to implications of concrete forms of international integration inside and outside Europe. Part I starts with a neoclassical analysis of the impacts of factor-market integration by Franz Peter Lang. He investigates the effects on production level, production structure, demand level and structure of external trade of a "small integration area". Lang shows that the specific welfare effects of factor-market integration can only be realized if and only if external trade (between the integration area and the rest of the world) is increased too.
Content Level »Research
Keywords »European Union - European Union (EU) - Europäische Einheit - Financial Integration - Global economy - Integration - finanzielle Integration
I Theoretical Aspects of International Integration.- Impact of Factor-Market Integration on Supply, Demand and Trade — A Neoclassical Analysis.- The Significance of Human Capital for International Competitiveness in the Face of the Growing Integration of the Global Economy.- Overlapping Integration Areas.- II Aspects of European Integration.- Promoting Economic Integration by the EMS?.- The Belgium-Luxemburg Economic Union.- Linkages Between Monetary Union and Political Union in the European Union.- The Decree on the Eco-Audit by the European Community — An Example of Legislation in the Form of Deregulation.- Integration Within the Banking Sector.- III Integration Outside Europe.- Structural Adjustment in a Monetary Union – Some Considerations about the West African Franc Zone.- Deep Integration, Shallow Regionalism, and Strategic Openness: Three Notes on Economic Integration in East Asia.- Divergence or Convergence as a Consequence of Regional Integration? – NAFTA’s Impacts on Mexico.