International Economic Integration: Limits and Prospects

By Miroslav N. Jovanović | Go to book overview

5

Integration Schemes

I INTRODUCTION

The founders of GATT recognized the importance of economic integration between countries. That process can have identical economic rationale as integration within a single country that has different regions. Hence, regional economic integration, according to the WTO (1995) does not pose an inherent threat to global integration. None the less, the GATT (Article XXIV) constrains the level of the common external tariff and other trade measures in customs unions. On the whole, these trade measures should not be higher or more restrictive than those of the member countries prior to the integration agreement. Between 1947 and 1995 a total of ninetyeight integration agreements had been notified to the GATT. Membership of those integration groups can be seen in Annex I. However, only six agreements were ‘cleared’ by the working party through the consensus principle. For others, including the ‘clearance’ of the Treaty of Rome that established the EEC in 1957 the result was inconclusive. One of the reasons why there was no definite agreement in the working party were the ambiguous effects of integration on nonmembers. Therefore, this inconclusive nature of the Treaty of Rome in this respect set the pattern that dominated nearly all future reviews of integration agreements notified under Article XXIV.

Intra-group trade has a rising long-term trend, at least in Europe and North America. That development, however, was not associated with a significant alteration in the relevance of extra-group trade in relation to total output in the two regions. In spite of various concerns, the WTO (1995) did not find conclusive evidence about the emergence of a ‘fortress’ mentality in integration arrangements. The conclusion was that regional integration was complementary to the multilateral trading system. Regional economic integration had an overall favourable impact on the pace of global economic integration. However, various NTBs pose an obstacle to deeper integration in the future.

The objective of this chapter is to provide no more than a brief reminder on international economic integration arrangements in the developed and

-316-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
International Economic Integration: Limits and Prospects
Table of contents

Table of contents

  • Title Page iii
  • Contents vii
  • Figures ix
  • Tables x
  • Foreword xii
  • Preface xvi
  • Acknowledgements xx
  • 1 - Introduction 1
  • 2 - Customs Union 15
  • 3 - Common Market 120
  • 4 - Economic Union 170
  • 5 - Integration Schemes 316
  • 6 - Measurement of the Effects of International Economic Integration 342
  • 7 - Conclusion 353
  • Gatt: Regional Integration Agreements 361
  • Research Topics for the Future 413
  • Bibliography 417
  • Index 438
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen
/ 448

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.