Abstract
Globalization facilitates economic growth, improvement in resource allocation, and the promotion of technological progress. But it has its costs such as increased income inequality and potential environmental damage. Similarly regionalization has its benefits and costs. For example, the benefits of pooling labor and information sharing resulting from regionalization are also associated with the costs of congestion (Urata, 2003).
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2010 Springer Science+Business Media B.V.
About this chapter
Cite this chapter
Mukhopadhyay, K., Thomassin, P.J. (2010). Introduction. In: Economic and Environmental Impact of Free Trade in East and South East Asia. Springer, Dordrecht. https://doi.org/10.1007/978-90-481-3507-3_1
Download citation
DOI: https://doi.org/10.1007/978-90-481-3507-3_1
Published:
Publisher Name: Springer, Dordrecht
Print ISBN: 978-90-481-3506-6
Online ISBN: 978-90-481-3507-3
eBook Packages: Business and EconomicsEconomics and Finance (R0)