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This volume focuses on the crucial economic, political and legal
aspects of global trading arrangements in the current transitional
stage of the integration process. It provides an evaluation of the
deepening and widening of the integration process, and places
particular emphasis on the contentious issues which arise in the
process of integrating previously unequal partners.Nations are
contemplating taking part in various integration initiatives and
schemes for a variety of purposes. They anticipate discernible
improvements in the well-being of their citizens - that is, a rise
in living standards resulting from closer economic integration. The
international diverse group of authors begins by examining the
general issues confronted by countries engaging in various levels
of integration. They then go on to discuss theoretical and
empirical studies of the implications of economic integration on
welfare and public policy. It specifically addresses issues such as
the impact on industry in participating countries and the effects
of NAFTA on Mexico. This book will be welcomed by practitioners,
academics and students interested in economic integration,
international economics, political science and international
business.
This book provides an up-to-date analysis of some of the key issues
facing the European Union on the (potentially rocky) road towards
monetary union and enlargement. A wide range of topics is covered
from a diverse and critical perspective.After addressing general
questions concerning the deepening and widening of European
integration, the authors include theoretical and empirical analyses
of the implementation of EMU and its feasibility. They also
consider convergence and development within the European Union, and
the lessons to be learnt from the Nordic enlargement, as well as
the experience of the Southern periphery. While the economic
dimension is pervasive, the development of European Monetary Union
will also be highly dependent on internal political developments
and inter-member bargaining.
This collection of essays is a state-of-the-art analysis of key
issues confronting the European Union. Identifying European
economic integration as one of the defining features of modern
international economics, the authors examine many aspects and
consequences of this integration which remain as yet obscure and
unexplored. In this book, after addressing general issues concerned
with European integration, the authors include empirical and
theoretical analyses of the monetary union, social policy reform
and social union, public finance in the EU, the EU's agriculture
and technology policies, and direct foreign investment into the EU.
In particular, the volume includes detailed discussion of Greek
membership of the EU, supplying a context in which many of the
general issues of industrial adjustment, investment and politics
can be examined. Using a wide range of topics, methodologies and
perspectives, Economic Integration and Public Policy in the
European Union offers a stimulating and wide-ranging presentation
which will be of interest to economic theorists, empirical social
scientists, policymakers and the informed general reader.
This pioneering study shows that economic integration in the
Americas is not simply a matter of removing trade barriers.
Economic Integration in the Americas addresses the pervasive
effects of economic integration on the economy as a whole.This
important book examines elements of financial integration and
capital mobility in North America and addresses in turn the effects
of the North American Free Trade Association on Mexico, comparisons
between NAFTA and the European Union, the impact of NAFTA on issues
such as social protection, migration and Canadian agricultural
policy, and finally, regionalism and multilateralism in the Western
hemisphere. While drawing on the experience of European
integration, the authors recognize that new, broader analyses are
required in the Western hemisphere to allow for the ranges of
country size, natural resource endowments and per capita incomes.
Sensitive to the political interests involved in economic
integration between unequal partners, Economic Integration in the
Americas offers students, researchers and policymakers a better
understanding of policy at both national and supranational levels.
Economic Integration between Unequal Partners deals with the
emergence of the major trading blocs, including the North American
Free Trade Agreement (NAFTA) and the European Union. The rise of
these blocs has profound implications for the socio-economic and
geo-political systems as we know them.The author's question whether
the irreversible trend towards mega trading blocs will lead to a
reduction of economic disparities and convergence between unequal
partners, or whether the process is a 'zero sum game' where one
player's gains must come at the expense of another. The first two
sections deal with the experience in North America and the EU
respectively. The following sections concentrate on the political
economy of integration, the monetary and financial aspects of the
process, and the unique experience of German unification after
1990. Featuring essays by leading experts in the field, this volume
will be welcomed by scholars and students concerned with economic
integration, international economics and international relations,
as well as by practitioners in international institutions, finance
ministries and central banks.
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