Customs Union Theory Extended to Free Trade Areas

  • Victoria Curzon
Part of the Trade Policy Research Centre book series (TPRC)


The purpose of this chapter is to provide a survey of the theory of customs unions as it stands, keeping the analysis as simple as possible, and to offer some additional analysis of the peculiarities of free trade areas in a final section.1


Free Trade Equilibrium Price Supply Curve Government Revenue Custom Union 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 2.
    Jacob Viner, The Customs Union Issue (New York: Carnegie Endow¬ment for International Peace, 1950).Google Scholar
  2. 3.
    James E. Meade, The Theory of International Economic Policy: Trade and Welfare (London: Oxford University Press, 1955); also The Theory of Customs Unions (Amsterdam: North-Holland, 1956); Richard G. Lipsey, “The Theory of Customs Unions: Trade Diversion and Welfare”, Economica, London, vol. XXIV, 1957; F. Gehrels, “Customs Unions from a Single Country Viewpoint”, Review of Economic Studies, Cambridge, vol. XXIV, 1957.Google Scholar
  3. 6.
    Harry G. Johnson, Money, Trade and Economic Growth (London: Allen & Unwin, 1962).Google Scholar
  4. 10.
    Tibor Scitovsky, Economic Theory and Western European Integration (London: Allen & Unwin, 1958).Google Scholar
  5. 15.
    Paul Streeten, Economic Integration: Aspects and Problems (Leyden: Sijthoff, 1964).Google Scholar
  6. 16.
    Hirofumi Shibata, “The Theory of Economic Unions: a Comparative Analysis of Customs Unions, Free Trade Areas and Tax Unions”, in Carl S. Shoup (ed.), Fiscal Harmonization in Common Markets (New York and London: Columbia University Press, 1967).Google Scholar
  7. An amended version of this paper appears in Peter Robeson (ed.), International Economic Integra¬tion (Harmondsworth: Penguin Books, 1971), pp. 68–87.Google Scholar

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1974

Authors and Affiliations

  • Victoria Curzon
    • 1
  1. 1.Institut Universitaire d’Études EuropéennesUniversity of GenevaGenevaSwitzerland

Personalised recommendations