International Economic Integration: Limits and Prospects

By Miroslav N. Jovanović | Go to book overview

Annex IV

Research Topics for the Future
The objective of this Annex is to provide a select list of future research topics in the field of international economic integration. This topics include the following:
• A research issue needs to be a theoretical consideration of economic integration between countries on different levels of development: integration between the EU and transition economies. (For example. Is integration, such as a free trade area between, the US, Canada and Mexico, without a special treatment for the weaker country a good thing? What are the chances of integration between South Africa and its neighbours? What are the potential and chances of economic integration in the Pacific region?)
• In spite of significant improvements in techniques for measuring the effects of international economic integration, there is still a considerable dilemma. That is, our lack of a full understanding of the determinants, operation and effect of integration on trade, production, investment and consumption. Until this is solved, the nature of the analysis of integration will remain speculative (just take a sample look at the index of this book under ‘uncertainty’). Attempts to solve these problems, in particular the dynamic ones, need to be on the research agenda in the future.
• Relations between regionalism and multilateral solutions to the trade and investment problems offer another challenging research topic. Is there a way to prevent the creation and evolution of regional blocs that inhibit global liberalization?
• The relation between economic integration and NTBs has received relatively little research attention so far. The same is the case with the theory of customs union and imperfect competition.
• Another global item for research is the impact of integration on various industries. Integration has had the strongest impact on higher value-added industries with significant economies of scale. This, however, has to be studied in greater detail, in particular, its relevance for developing countries.

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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
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