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Economic Integration

In: International Economics Global Markets and International Competition

Author

Listed:
  • HENRY THOMPSON

    (Auburn University, USA)

Abstract

AbstractThe process of international economic integration has accelerated with free trade agreements around the world. From the viewpoint of global economic efficiency, national borders introduce barriers to production, trade, and finance. These barriers decrease efficiency, and economic integration involves steps to lower the barriers. This chapter covers:• Multinational firms and their role in international economic integration• International externalities that may call for internationally coordinated policy• International political economy and influences shaping international trade and financial agreements• Stages of economic integration that make economies interrelated and more productive

Suggested Citation

  • Henry Thompson, 2000. "Economic Integration," World Scientific Book Chapters, in: International Economics Global Markets and International Competition, chapter 9, pages 298-334, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789812386212_0009
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    Citations

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    Cited by:

    1. Guo, Baoping, 2018. "World Equalized Factor Price and Integrated World Trade Space," MPRA Paper 92503, University Library of Munich, Germany, revised Feb 2019.
    2. Osei-Agyeman & Ofori Boadu, Yeboah Victor & Thompson, Henry, 2012. "US Pork and China Trade in a Specific Factors Model," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 13(2), pages 1-7.
    3. Kim, Hyeongwoo & Thompson, Henry, 2009. "Factor Proportions Wages in a Structural Vector Autoregression," MPRA Paper 17798, University Library of Munich, Germany.
    4. Yoshiaki Nakada, 2018. "Deriving the factor endowment--commodity output relationship for Thailand (1920-1927) using a three-factor two-good general equilibrium trade model," Papers 1810.04819, arXiv.org.
    5. Yoshiaki Nakada, 2017. "Factor endowment -- commodity output relationships in a three-factor, two-good general equilibrium trade model," Papers 1711.11429, arXiv.org.
    6. Yoshiaki Nakada, 2018. "Factor endowment--commodity output relationships in a three-factor two-good general equilibrium trade model: Further analysis," Papers 1805.06129, arXiv.org, revised Oct 2018.
    7. Gabriele Cappelli & Emanuele Felice & Julio Martínez-Galarraga & Daniel Tirado, 2018. "Still a long way to go: decomposing income inequality across Italy’s regions, 1871 – 2011," Working Papers 0123, European Historical Economics Society (EHES).
    8. Leamer, Edward E. & Levinsohn, James, 1995. "International trade theory: The evidence," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 26, pages 1339-1394, Elsevier.
    9. Nakada, Yoshiaki, 2015. "Economy-wide substitution and Rybczynski sign pattern in a three-factor two-good model: Further analysis," MPRA Paper 67864, University Library of Munich, Germany.
    10. Guo, Baoping, 2019. "World Equivalent Factor Endowments Determine Local Factor Rewards When Countries Have Different Productivities," MPRA Paper 94004, University Library of Munich, Germany.
    11. Nakada, Yoshiaki, 2015. "Economy-wide substitution and Rybczynski sign pattern in a three-factor two-good model," MPRA Paper 67863, University Library of Munich, Germany.
    12. Guo, Baoping, 2019. "The Simplest Factor Price Non-Equalization When Countries Have Different Productivities," MPRA Paper 95015, University Library of Munich, Germany, revised 12 Jul 2019.
    13. repec:agr:journl:v:xxvi:y:2019:i:1(618):p:159-168 is not listed on IDEAS
    14. Yeboah, Osei-Agyeman & Malik, Mostafa & Thompson, Henry, 2004. "Ftaa And North Carolina: Income Redistribution Across Labor Groups," 2004 Annual meeting, August 1-4, Denver, CO 20380, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    15. Guo, Baoping, 2017. "World Resources Determine World Prices," MPRA Paper 91095, University Library of Munich, Germany, revised 13 Dec 2018.

    More about this item

    Keywords

    International; Economics; Trade; International Finance; Exchange Rates; Balance of Payments; Quotas; Trade Balance; Comparative Advantage; Tariffs;

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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