The last two decades have witnessed a growing trends toward economic openness. The removal of borders among independent economic system - local, state, national or otherwise - has immense implications for the economic policies of eatch of these systems. Now capital, firms, and labor are able to move freely across regions, states, and countries and can better exploit differences in opportunities - employment, savings, investments etc.- and in technological and economic environment, as well as in fiscal and monetary stances.
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Paper provided by Tel Aviv in its series Papers with number
20-97.
Find related papers by JEL classification: F10 - International Economics - - Trade - - - General F15 - International Economics - - Trade - - - Economic Integration
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