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Economic Integration and Development - Has Regionalism Delivered for Developing Countries? (Hardcover)
Loot Price: R2,795
Discovery Miles 27 950
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Economic Integration and Development - Has Regionalism Delivered for Developing Countries? (Hardcover)
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Total price: R2,815
Discovery Miles: 28 150
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Questions related to the economics of regionalism became
increasingly important beginning in the late 1980s, when regional
groupings started to become very popular as a tool of commercial
policy. The goal of this book is to address the question of whether
or not regionalism in developed countries has truly benefited
developing countries and to what degree regionalism among
developing countries and between developed and developing countries
will improve economic development prospects. Mordechai Kreinin and
Michael Plummer consider the implications of the emerging global
trend of economic regionalism for developing countries. The
analysis focuses on the trade and investment effects of integration
in developed countries on developing countries, as well as the
ramifications of regional integration in the latter. After an
extensive review of the theoretical and empirical literature
pertinent to the economics of regionalism, the book considers the
ex-post trade and direct-foreign-investment effects of the Single
Market Program in Europe and NAFTA, followed by chapters on ASEAN
and economic integration in Latin America, primarily MERCOSUR. The
study suggests three salient conclusions. First, in designing
preferential trading arrangements, developed countries should
recognize and attempt to minimize the possible discriminating
effect on developing countries. Second, the developing countries
have an abiding interest in the success of WTO negotiations that
would minimize the discrimination against them of regional
groupings in Europe and North America. And third, any customs
unions or free-trade areas among the developing countries
themselves should be outward-looking if they are to enhance the
welfare of developing countries. Economists and policy scholars, as
well as readers interested in regionalism and economic development,
will find this book a great resource.
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