Regional integration and the new type of commercial warfare
AbstractThe lowest the number of the regional integration areas, the higher the propensity for protectionism (Krugman). The revival of regional protectionism measures meets the case of a commercial warfare. In the largest integrated market, investors must “play” by strict rules, so that a balance between productivity and risk should be kept. The elasticity in replacing the goods interchanged across local areas commensurate with the frequency of intra-regional and extra-regional goods replacement by consumers, depending on how prices evolve. The challenge of cross-area regional integration commercial warfare might lessen to the extent that these few areas are strong enough to build their global commercial relationships upon cooperative arrangements rather then conflict-wise solutions.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 17929.
Date of creation: 30 May 2008
Date of revision:
regional integration; protectionism; commercial warfare; elasticity; global cooperation; Romania’s commercial security;
Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
- F18 - International Economics - - Trade - - - Trade and Environment
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