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Economic Interactions and Economic Integration

In: The Transformation of the World Economy

Author

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  • Robert Solomon

Abstract

The 1980s and early 1990s saw a continuation of the trend toward growing international economic interdependence that has been evident since the end of the Second World War. One manifestation of this trend is the increase in world trade relative to world output. Even more striking was the augmentation of financial interdependence — a more recent phenomenon than the growth of trade. In the 1970s and especially in the 1980s international capital flows among industrial countries increased by large amounts. In the 1990s, such flows went also to developing countries and countries in transition — emerging markets.

Suggested Citation

  • Robert Solomon, 1999. "Economic Interactions and Economic Integration," Palgrave Macmillan Books, in: The Transformation of the World Economy, edition 0, chapter 6, pages 76-94, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-98349-2_6
    DOI: 10.1057/9780333983492_6
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