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Economic Integration Between Unequal Partners
New Dimensions in Political Economy Series
Economic Integration between Unequal Partners deals with the emergence of the major trading blocs, including the North American Free Trade Agreement (NAFTA) and the European Union. The rise of these blocs has profound implications for the socio-economic and geo-political systems as we know them.
The author's question whether the irreversible trend towards mega trading blocs will lead to a reduction of economic disparities and convergence between unequal partners, or whether the process is a `zero sum game' where one player's gains must come at the expense of another. The first two sections deal with the experience in North America and the EU respectively. The following sections concentrate on the political economy of integration, the monetary and financial aspects of the process, and the unique experience of German unification after 1990.
Featuring essays by leading experts in the field, this volume will be welcomed by scholars and students concerned with economic integration, international economics and international relations, as well as by practitioners in international institutions, finance ministries and central banks.
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What Reviewers Are Saying
`This book is an important step in broadening and deepening the discussion of the implications of economic integration among nations. There are oceans of literature on economic integration, but most of that has been journalistic hyperbole. By comparison, there are only small ponds of informed and economically sophisticated analysis and too little of that has found its way into political and public awareness.' -- From the foreword by Richard S. Eckaus `An excellent collection of essays by leading experts in the field which deal with the emergence of the major trading blocs, including NAFTA and the EU and their impact upon socio-economic and geo-political systems.' -- Aslib Book Guide `This useful volume addresses perhaps the most pressing question in international economics - who wins and loses when countries at very different levels of developement become more integrated?. . . . Economic Integration Between Unequal Partners distinguishes itself by continually reminding us that economic integration is more than a simple question of eocnomic efficiency.' -- William S. Milberg, Eastern Economic Journal