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On some changes in the theory and practice of economic integration

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  • Eduard Marinov

Abstract

The article discusses the connection between the theory and practice of economic integration and some observed structural changes in the global economy. This study derives a new typology of integration agreements and proposes a new, expanded theoretical framework for economic integration, including a new "three-dimensional" understanding of integration and reflecting participation and engagement in integration processes as a new instrument of international trade policy. In conclusion, some questions are posed related to the need for a new geoeconomic paradigm for understanding and analysing processes in the global economy.

Suggested Citation

  • Eduard Marinov, 2023. "On some changes in the theory and practice of economic integration," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 293-306.
    • Handle: RePEc:bas:econth:y:2023:i:3:p:293-306
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    References listed on IDEAS

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    1. Francisco L. Rivera-Batiz & Luis A. Rivera-Batiz, 2018. "International Trade with Endogenous Technological Change," World Scientific Book Chapters, in: Francisco L Rivera-Batiz & Luis A Rivera-Batiz (ed.), International Trade, Capital Flows and Economic Development, chapter 2, pages 33-70, World Scientific Publishing Co. Pte. Ltd..
    2. Gene M. Grossman & Elhanan Helpman, 1991. "Quality Ladders in the Theory of Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(1), pages 43-61.
    3. Krugman, Paul, 1980. "Scale Economies, Product Differentiation, and the Pattern of Trade," American Economic Review, American Economic Association, vol. 70(5), pages 950-959, December.
    4. Ricardo Hausmann & Jason Hwang & Dani Rodrik, 2007. "What you export matters," Journal of Economic Growth, Springer, vol. 12(1), pages 1-25, March.
    5. Elena Spasova & Eduard Marinov, 2021. "Global value chains and the changing nature of international specialization," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 3-28,29-52.
    6. Dalum, Bent & Laursen, Keld & Verspagen, Bart, 1999. "Does Specialization Matter for Growth?," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 8(2), pages 267-288, June.
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    More about this item

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

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