Economic Integration and Third World Development

By Gamani Corea; Pradip K. Ghosh | Go to book overview

increases its stability. Enhanced stability can be expected as any 0country that decides to withdraw from the integration scheme inflicts losses upon itself by losing access to the regional market for its integration project(s). For these reasons, the package approach -- perhaps combined with some arrangement to provide for the joint financing of projects -- may be recommended.


NOTES
1
L. B. M. Mennes, Jan Tinbergen and J. George Waardenburg, The Element of Space in Development Planning, Amsterdam, 1969.
2
IBRD, IFC, IDA, Fertilizer Requirements of Developing Countries, May 15, 1974.
3
A research project at the Development Research Center (RPO 224 -- Programming in the Manufacturing Sector) which is now in its final phase, has resulted in the formulation and solution of a number of mixed-integer programming models for specific industrial activities. These models are formulated such that they are easily applicable elsewhere, either for one country or for a group of countries. Moreover, the project has resulted in improved solution procedures for such models, reducing the cost of their use considerably.
4
For a specific proposal along these lines, see: I. M. D. Little, "'Regional international companies as an approach to economic integration'", Journal of Common Market Studies, Vol. 5, 1966.

-50-

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