The global impact of economic integration is the subject of this book which examines policies in Europe and abroad. Ali M. El-Agraa is the author and editor of many books on economics and trade, including "Japan's Trade Frictions" and "Trade Theory and Policy".
The global impact of economic integration is the subject of this book which examines policies in Europe and abroad. Ali M. El-Agraa is the author and editor of many books on economics and trade, including "Japan's Trade Frictions" and "Trade Theory and Policy".
Introduction: economic integration and GATT rules; the economic gains from integration. Part 1 Theory: theory of customs unions - the Cooper/Massell criticism; customs unions versus free trade areas, establishment of FTA; common markets and economic unions; economic integration amongst developing nations - El-Aggraa's version of Brown's model; macroeconomics of integration; economic integration amongst centrally planned economies - the CMEA. Part 2 Measurement: measuring the impact of economic integration; estimating the impact of integration on manufactures - the earlier studies - Verdoorn's pioneering study, Johnson's contribution, the GATT study; estimating the impact of integration on manufactures - more sophisticated attempts - Balassa's contribution, the contribution by the EFTA Secretariat, by Williamson and Bottrill, Kreinin's contribution, Aitkin's study; estimating the impact of integration on manufactures - the latest contributions - the study by Winters, the contributio by Grinols; the costs of the Common Agricultural Policy of the European community - objectives of the CAP; estimating the effects of integration on the terms of trade - summary of Petith's findings; estimates of the effects of CMEA integration - Peltzman's estimates, the contribution by Drabek and Greenaway; estimates of the effects of economic integration among the LDCs.
Introduction: economic integration and GATT rules; the economic gains from integration. Part 1 Theory: theory of customs unions - the Cooper/Massell criticism; customs unions versus free trade areas, establishment of FTA; common markets and economic unions; economic integration amongst developing nations - El-Aggraa's version of Brown's model; macroeconomics of integration; economic integration amongst centrally planned economies - the CMEA. Part 2 Measurement: measuring the impact of economic integration; estimating the impact of integration on manufactures - the earlier studies - Verdoorn's pioneering study, Johnson's contribution, the GATT study; estimating the impact of integration on manufactures - more sophisticated attempts - Balassa's contribution, the contribution by the EFTA Secretariat, by Williamson and Bottrill, Kreinin's contribution, Aitkin's study; estimating the impact of integration on manufactures - the latest contributions - the study by Winters, the contributio by Grinols; the costs of the Common Agricultural Policy of the European community - objectives of the CAP; estimating the effects of integration on the terms of trade - summary of Petith's findings; estimates of the effects of CMEA integration - Peltzman's estimates, the contribution by Drabek and Greenaway; estimates of the effects of economic integration among the LDCs.
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