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Book Review: International Handbook on the Economics of Integration

Author

Listed:
  • Ljumović, Isidora

    (Economic Institute)

Abstract

Since the end of the Second World War, economic integration has been regarded as being one of the most important global economic policies. Its relevance has not diminished and most countries, especially those that are developing, consider it to be a long-term strategy. Integration is present in various forms all around the world on a wide scale of depth and geographical coverage, but the largest, strongest and deepest forms exist in developed countries with the European Union (EU) leading the way. The most important effects of economic integration can be seen in the field of economic growth and development, with benefits that include lower transaction costs, lower investment risk, market expansion, pooling of regional resources, economies of scale, efficient allocation of resources and many more. However, over the period of their establishment and development examples of economic integration from all around the world have raised numerous questions and problems - both theoretical and applied - which primarily have to be dealt with by policymakers. This handbook attempts to provide answers for some of these problems/questions, while at the same time offering new perspectives and ideas.

Suggested Citation

  • Ljumović, Isidora, 2013. "Book Review: International Handbook on the Economics of Integration," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 28, pages 525-532.
  • Handle: RePEc:ris:integr:0612
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    More about this item

    Keywords

    Economic integration; regional trade agreements; globalization; international organizations;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • Y30 - Miscellaneous Categories - - Book Reviews - - - Book Reviews

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