IDEAS home Printed from
   My bibliography  Save this article

Globalization and European Regional Integration


  • Padoan, Pier Carlo

    () (Università La Sapienza, Facoltà di Economia, Dipartimento di Economia Pubblica)


The two main current trends in the world economy are regionalism and globalization. It remains still largely unclear, however, how these two trends interact and what the implications of such an interaction for the world economy are. In this paper I consider one aspect of the interaction among the two trends: whether increased globalization will favor a more “open” regionalism, i.e. a tendency towards the progressive enlargement of regional agreements to outsiders. Discussion relates to the European experience. The relationship between globalization and regionalism presents both a deepening and a widening dimension. It is considered why globalization should influence the process of regional widening by fostering a process of convergence among countries participating in a regional trade agreement. The analysis of the European experience is carried out by looking at the evolution of FDI activities, international mergers and acquisitions and FDI specialization in Europe over the period following the announcement the Single European 1\’Iarket as well as at the characteristics of a number of industrial sectors where multinational activities are particularly relevant. The relationship between trade specialization and investment specialization in the four largest European economies (Germany, France, Italy and the UK) is then considered. Finally we consider the experience of four “peripheral members” of the EU (Greece, Ireland, Portugal and Spain) from the point of view of trade specialization and FDI inflows and we discuss the perspectives of future EU enlargements.

Suggested Citation

  • Padoan, Pier Carlo, 1997. "Globalization and European Regional Integration," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 50(4), pages 597-632.
  • Handle: RePEc:ris:ecoint:0325

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:ecoint:0325. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angela Procopio). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.