Description
Book SynopsisThis 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.
Table of ContentsContents: Introduction Part I: Trade Theory, Policy and Welfare 1. Economic and Financial Integration 2. Implications of NAFTA on the Trade of US Economies 3. Welfare Effects of the Completion of the Single European Market 4. NAFTA, The EU and Agricultural Trade 5. The State of the Welfare State in the EU, Anno 1992 6. Economic Integration and Regional Economic Convergence in NAFTA and the EU Part II: Impact of Economic Integration on Industrial Organization 7. The Role of Small and Entrepreneurial Firms in Achieving Economic Integration during the Transition from Command to Market-based Economies 8. Trade Liberalization in Eastern European Countries and the Prospects of their Integration into the World Trading System 9. Long-run and Short-run Effects of Economic Integration on the Inflow of Foreign Direct Investment 10. Japanese Manufacturing FDI’s in Europe 11. Tendencies and Idiosyncrasies of European Trading Partners Part III: Lessons from the Case of Mexico 12. The Growing Anti-immigrant Debate in the North American Region and its Impact on Mexico 13. NAFTA and Mexico 14. Successful Integration and Economic Distress 15. Economic Integration, Exchange Rate and Competitiveness
