Globalization and European Regional Integration
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.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" 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.
Volume (Year): 50 (1997)
Issue (Month): 4 ()
|Contact details of provider:|| Postal: |
Phone: +39 010 27041
Fax: +39 010 2704222
Web page: http://www.ge.camcom.it/IT/Tool/Modulistica
More information through EDIRC
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)
If references are entirely missing, you can add them using this form.