I have no serious quarrel with Fritz Machlup’s various definitions and descriptions of the general concept of ‘economic integration’. In fact, his distinctions are both thoughtful and clarifying. As I do not really feel qualified to elaborate upon these concepts, I can probably make more of a contribution by discussing various problems connected with one specific type of economic integration, namely integration across national borders, which I will call internationalisation. This type of integration is, of course, particularly interesting from the point of view of economic policy, as the targets, instruments and design of economic policy are still largely attached to national states.


Trade Liberalisation Economic Integration Financial Capital Capital Movement Positive Economic 
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  1. Genberg, H., ‘The Concept and Measurement of the World Price Level and Rate of Inflation’, Journal of Monetary Economics (forthcoming).Google Scholar
  2. Lindbeck, A., The National State in an Internationalized World Economy, Institute for International Economic Studies, Seminar Paper No. 26, Stockholm (1973).Google Scholar
  3. Lindbeck, A., ‘The Changing Role of the National State’, Kyklos, Fasc. 1 (1975).Google Scholar
  4. O.E.C.D., Inflation: The Present Problem, Paris (Dec., 1970).Google Scholar

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© The Nobel Foundation 1977

Authors and Affiliations

  • Assar Lindbeck

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