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Regional Integration, Institutional Dynamics and International Competitiveness

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Author Info

  • Dieter Cassel

    ()
    (Mercator School of Management)

  • Paul J.J. Welfens

    ()
    (Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW))

Abstract

Regional economic integration has made considerable progress in the world economy which raises new challenges with respect to institutional change and for national and international economic policy. We consider the options of integration policy and major shifts in regional gravity centers and trade dynamics, respectively; moreover, new findings with respect to the role for trade in the context of growth accounting are integrated in the analysis. We emphasize that regional integration intensifies structural change – the emergence of larger regional integration areas creates new options for outsourcing and offshoring. The interdependence of regional integration dynamics and economic globalization implies new adjustment pressure in the field of locational competition and also raises pressure to reform institutions and policy patterns in a way that is consistent with internationalization.

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Bibliographic Info

Paper provided by Universitätsbibliothek Wuppertal, University Library in its series EIIW Discussion paper with number disbei150.

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Length: 36 Pages
Date of creation: Dec 2006
Date of revision:
Handle: RePEc:bwu:eiiwdp:disbei150

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Web page: http://elpub.bib.uni-wuppertal.de

Related research

Keywords: International Trade; Institutions; Integration; Policy Reforms; Globalization;

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