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Economic Integration and Economic Divergence
2000As it is evident from the previous chapter, discrepancies in the movement of real exchange rates can undermine the efforts of MERCOSUR countries for achieving the objective of a customs union. This evidently makes out a strong case for the harmonization of related policies.
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Institutional aspects of economic integration – economic integration and political integration [PDF]
, 2009 Economic integration is defined as the elimination of economic borders between two or more savings. In turn, an economic border demarcation over which any actual or potential mobility of goods, services and factors of production and communication flows, is relatively low.
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Economic Interactions and Economic Integration
1994The 1980s and early 1990s saw a continuation of the trend toward growing international economic interdependence that has been evident since the end of the Second World War. One manifestation of this trend is the increase in world trade relative to world output.
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