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Why do countries form regions? The political economy of regional integration

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  • Shams, Rasul

Abstract

To understand the reasons for the formation of regional economic groupings two basic concepts are introduced: association and dissociation. Moreover, the importance of interest groups and strategic groups is discussed, and security and bargaining power as basic political motivations are evaluated. The paper also analyses some political economy arguments regarding the determinants of the size of economic groupings and the dynamics of their development through different stages. Finally it considers regional groupings as strategical coalitions with a deep impact on the future of the world economy.

Suggested Citation

  • Shams, Rasul, 2002. "Why do countries form regions? The political economy of regional integration," HWWA Discussion Papers 169, Hamburg Institute of International Economics (HWWA).
  • Handle: RePEc:zbw:hwwadp:26214
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    File URL: https://www.econstor.eu/bitstream/10419/19331/1/169.pdf
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    Cited by:

    1. Kaptouom, Patricia C., 2007. "The West African economic and Monetary Union: past and present of an exceptional north-south-south-integration," Discussion Papers 2007/19, Free University Berlin, School of Business & Economics.

    More about this item

    Keywords

    New Regionalism; Regional Groupings; Interest Groups; Security and Bargaining Power; Strategic Coalitions;
    All these keywords.

    JEL classification:

    • F - International Economics
    • F15 - International Economics - - Trade - - - Economic Integration
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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