Abstract
The analysis of economic unions should rightly be regarded as a relatively new branch of the science. Its existence is a response to the post-war popularity of the concept of regionalism; this in turn was both a defence mechanism against adverse economic conditions, and a practical manifestation of changed political aims and ideas.
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Notes
R. G. Lipsey, ‘The Theory of Customs Unions: a General Survey’, Economic Journal, Vol. lxx, No. 279 (Sept. 1960), p. 496. This article has been the natural starting-point for section II of the present paper.
J. Viner, The Customs Union Issue, New York and London, 1950, Chapter 4.
Examples of such refinements can be found in R. G. Lipsey, The Theory of Customs Unions: a General Equilibrium Analysis y unpublished University of London Ph.D. thesis; J. E. Meade, op. cit.; and H. G. Johnson, ‘Discriminatory Tariff Reduction: a Marshallian Analysis’, Indian Journal of Economics, Vol. xxxviii, No. 148 (July 1957), pp. 39–47, and ‘Marshallian Analysis of Discriminatory Tariff Reduction: an Extension’, Indian Journal of Economics, Vol. xxxix, No. 153 (Oct. 1958), pp. 177–81.
See, for instance, T. Scitovsky, Economic Theory and Western European Integration, London, 1958, pp. 19–44; and H. G. Johnson, ‘The Economic Gains from Freer Trade with Europe’, Three Banks Review, Sept. 1958, pp. 6–10.
J. Wemelsfelder, ‘The Short-term Effect of the Lowering of Import Duties in Germany’, Economic Journal, Vol. lxx, No. 277 (March 1960), pp. 94–104.
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© 1963 International Economic Association
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Liesner, H.H. (1963). Regional Free Trade: Trade-Creating and Trade-Diverting Effects of Political, Commercial and Monetary Areas. In: Harrod, R., Hague, D. (eds) International Trade Theory in a Developing World. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08458-6_8
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