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International Economic Integration

In: International Trade

Author

Listed:
  • Ali M. El-Agraa

    (University of Leeds
    Fukuoka University)

Abstract

‘International economic integration’ is one aspect of “international economics” which has been growing in importance in the past three decades or so. The term itself has a rather short history; indeed, Machlup (1977) was unable to find a single instance of its use prior to 1942. Since then the term has been used at various times to refer to practically any area of international economic relations. By 1950, however, the term had been given a specific definition by economists specialising in international trade to denote a state of affairs or a process which involves the amalgamation of separate economies into larger regions, and it is in this more limited sense that the term is used today. More specifically, international economic integration is concerned with the discriminatory removal of all trade impediments between the participating nations and with the establishment of certain elements of cooperation and coordination between them. The latter depends entirely on the actual form that integration takes. Different forms of international integration can be envisaged and some have actually been implemented: (i) free trade areas, where the member nations remove all trade impediments among themselves but retain their freedom with regard to the determination of their policies vis-à-vis the outside world (the non-participants) — for example, the European Free Trade Association (EFTA) and the demised Latin American Free Trade Area (LAFTA);

Suggested Citation

  • Ali M. El-Agraa, 1989. "International Economic Integration," Palgrave Macmillan Books, in: International Trade, chapter 11, pages 151-193, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10206-8_11
    DOI: 10.1007/978-1-349-10206-8_11
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    Citations

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    Cited by:

    1. Lewis, Jeffrey D. & Robinson, Sherman & Wang, Zhi, 1995. "Beyond the Uruguay Round: The implications of an Asian free trade area," China Economic Review, Elsevier, vol. 6(1), pages 35-90.
    2. D M Hanink & R G Cromley, 1993. "Univariate Classification of Differentiated International Markets," Environment and Planning A, , vol. 25(3), pages 409-424, March.
    3. Axel Borrmann & Georg Koopmann, 1994. "Regionalisation and regionalism in world trade," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 29(4), pages 163-170, July.
    4. Alina Fedosova, 2015. "Positive and Negative Factors in International Electricity Integration," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 782-790.
    5. Donghyun Park, 2007. "The Prospects of the ASEAN–China Free Trade Area (ACFTA): A Qualitative Overview," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 12(4), pages 485-503.
    6. Peter Moser, 1997. "Reasons for regional integration agreements," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 32(5), pages 225-229, September.
    7. Joseph M. Perry & Louis A. Woods & Jeffrey W. Steagall, 1993. "Hemispheric Trade Alignments and the Trade Options for Post-transition Cuba," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 3.
    8. Michael Arghyrou, 2000. "EU participation and the external trade of Greece: an appraisal of the evidence," Applied Economics, Taylor & Francis Journals, vol. 32(2), pages 151-159.
    9. Hinojosa-Ojeda, Raul A. & Robinson, Sherman & De Paolis, Fernando, 1999. "Regional integration among the unequal: a CGE model of NAFTA and the Central American republics," The North American Journal of Economics and Finance, Elsevier, vol. 10(1), pages 235-292.

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