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- W2157070414 abstract "Developments in international economics in the last decade have profoundly changed the way in which economists think about a number of trade policy issues. Economic integration has been central among these issues, both in being informed by new research developments and in motivating new research. Reasons for this are evident. Economic integration typically occurs between economies with rather similar economic structures, consequently involving intra- rather than inter-industry trade. The gains we expect to see flowing from integration are gains from increased competition, rationalisation of industry and exploitation of economies of scale. Analysis of these issues requires trade theory to be based on industrial organisation, as well as on comparative advantage; this is one of the main developments to have taken place in recent trade theory. In addition to drawing on these innovations economic integration has provided the impetus for further development of applicable models of industrial organisation and trade. Such models have been used in the analysis of the US-Canada free trade agreement (for example Harris and Cox (1984)) and of developments in the European Community." @default.
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- W2157070414 date "1996-01-01" @default.
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- W2157070414 title "New Developments in the Study of Economic Integration" @default.
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- W2157070414 doi "https://doi.org/10.1007/978-94-009-0347-0_3" @default.
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