Abstract
The subsection of economic analysis known as the theory of international economic integration is a relatively new one; according to one authority there is no trace of the use of the expression prior to 1942. It is now widely understood as being concerned with the effects of agreed arrangements between two or more sovereign states as a result of which economic transactions between them are conducted on a basis more favourable to the other participants than that applicable to countries outside the agreement. Agreements of this kind can be one of five broad types involving an ascending order of degrees of integration between the participants.
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Further Reading
El-Agraa, A. M. and Jones, A. J., The Theory of Customs Unions (Deddington: Philip Allan, 1980).
Robson, P., The Economics of International Integration, 2nd edn (London: Allen & Unwin, 1984).
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© 1990 Edward Nevin
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Nevin, E. (1990). The Economics of Integration. In: The Economics of Europe. Palgrave, London. https://doi.org/10.1007/978-1-349-20923-1_6
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DOI: https://doi.org/10.1007/978-1-349-20923-1_6
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-51632-4
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