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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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    File URL: https://mpra.ub.uni-muenchen.de/63310/1/MPRA_paper_63310.pdf
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. Peter G. Elkan, 1975. "Measuring The Impact Of Economic Integration Among Developing Countries," Journal of Common Market Studies, Wiley Blackwell, vol. 14(1), pages 56-68, September.
    4. Jorge Sakamoto, 1969. "Industrial Development And Integration Of Underdeveloped Countries," Journal of Common Market Studies, Wiley Blackwell, vol. 7(4), pages 283-304, June.
    5. Bela Balassa & Ardys Toutjesdijk, 1975. "Economic Integration Among Developing Countries," Journal of Common Market Studies, Wiley Blackwell, vol. 14(1), pages 37-55, September.
    6. Schiff, Maurice & Winters, L Alan, 1998. "Dynamics and Politics in Regional Integration Arrangements: An Introduction," World Bank Economic Review, World Bank Group, vol. 12(2), pages 177-195, May.
    7. Mordechai E. Kreinin, 1964. "On the Dynamic Effects of a Customs Union," Journal of Political Economy, University of Chicago Press, vol. 72, pages 193-193.
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    Cited by:

    1. 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.

    More about this item

    Keywords

    Economic Integration; Integration Theory; Developing Coun-tries Integration;

    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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