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Economic Integration Theories and the Developing Countries

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  • Marinov, Eduard

Abstract

Economic integration theory goes through two development stages each of which addresses the relevant for its time political and economic context The first stage is regarded as classic theory or static analysis and includes the traditional theories of economic integration that explain the possible benefits of integration. The second stage includes the new economic integration theories that are often referred to as dynamic analysis of economic arrangements. Besides these two, there is a third type of integration theories that deals with the effects, benefits and constrains of economic integration arrangements of developing and least developed countries. The current paper tries to come up with a conclusion on what parts of the classic and new integration theories are applicable to integration arrangement among developing countries and to summarize these theories.

Suggested Citation

  • Marinov, Eduard, 2014. "Economic Integration Theories and the Developing Countries," MPRA Paper 63310, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:63310
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    References listed on IDEAS

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    5. Shams, Rasul, 2003. "Regional Integration in Developing Countries: Some Lessons Based on Case Studies," Discussion Paper Series 26272, Hamburg Institute of International Economics.
    6. Shams, Rasul, 2003. "Regional integration in developing countries: Some lessons based on case studies," HWWA Discussion Papers 251, Hamburg Institute of International Economics (HWWA).
    7. Baldwin, Richard & Forslid, Rikard & Haaland, Jan I., 1995. "Investment Creation and Investment Diversion: Simulation Analysis of the Single Market Programme," CEPR Discussion Papers 1308, C.E.P.R. Discussion Papers.
    8. Simonetta Longhi & Peter Nijkamp, 2007. "Economic Integration and Labour Markets: Ways Forward," Contributions to Economics, in: George M. Korres (ed.), Regionalisation, Growth, and Economic Integration, pages 3-23, Springer.
    9. Corden, W M, 1972. "Economies of Scale and Customs Union Theory," Journal of Political Economy, University of Chicago Press, vol. 80(3), pages 465-475, May-June.
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    Cited by:

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    3. Lindman, Sebastian & Tuvhag, Tom & Jayasekera, Ranadeva & Uddin, Gazi Salah & Troster, Victor, 2020. "Market Impact on financial market integration: Cross-quantilogram analysis of the global impact of the euro," Journal of Empirical Finance, Elsevier, vol. 56(C), pages 42-73.
    4. Jonathan E. Ogbuabor & Onyinye I. Anthony-Orji & Oliver E. Ogbonna & Anthony Orji, 2019. "Regional integration and growth: New empirical evidence from WAEMU," Progress in Development Studies, , vol. 19(2), pages 123-143, April.

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    More about this item

    Keywords

    Economic Integration; Integration Theory; Developing Coun-tries Integration;
    All these keywords.

    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • F15 - International Economics - - Trade - - - Economic Integration
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements

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