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Liberalization Among Developing Countries

In: Contemporary Issues in the Integration Processes of Western Balkan Countries in the European Union

Author

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  • Vlatka Bilas

    (, Faculty of Economics and Business, University of Zagreb)

  • Sanja Franc

    (Faculty of Economics and Business, University of Zagreb)

Abstract

Regional agreements widely differ one from another, but they have all a common objective: to lower trade barriers among their member states and enhance economic growth, development and reduce poverty. Developing countries such as those of MERCOSUR or CEFTA are encouraged to form regional trade integration because of the possibility to access a larger market and the potential utilities that are available in the group of higher external tariffs. Regional economic integration can benefit developing countries by inducing bith economic and political cooperation that can consequently lead to higher economic growth and wellbeing. This paper analyzes the effects of regional economic integration formation among developing countries on the example of MERCOSUR and CEFTA.

Suggested Citation

  • Vlatka Bilas & Sanja Franc, 2011. "Liberalization Among Developing Countries," Book Chapters, in: Stefan Bogdan Salej & Dejan Eric & Srdjan Redzepagic & Ivan Stosic (ed.), Contemporary Issues in the Integration Processes of Western Balkan Countries in the European Union, chapter 10, pages 141-155, Institute of Economic Sciences.
    • Handle: RePEc:ibg:chaptr:conissue-10
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    References listed on IDEAS

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    4. Mattli,Walter, 1999. "The Logic of Regional Integration," Cambridge Books, Cambridge University Press, number 9780521632270.
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    6. Panagariya, Arvind & Findlay, Ronald & DEC, 1994. "A political - economy analysis of free trade areas and customs unions," Policy Research Working Paper Series 1261, The World Bank.
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    Cited by:

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    3. Malay Kanti Roy & Hirak Ray & Tamojit Roy, 2012. "Benefits From International Diversification: Indian Experiences," Journal Articles, Center For Economic Analyses, pages 5-16, June.
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    6. Gjorgji Gockov & Daniela Mamucevska & Borce Trenovski & Biljana Tashevska, 2012. "The Role, Significance And Trend Of Construction Sector In Macedonia," Journal Articles, Center For Economic Analyses, pages 57-70, June.
    7. Safet Kurtovic & Boris Siljkovic & Boban Dasic, 2013. "The Effect Of Non-Tariff Barriers On Trading Flows Bosnia And Herzegovina Within Cefta 2006," Journal Articles, Center For Economic Analyses, pages 5-22, December.

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