All the articles you read in this site are contributed by users like you, with a single vision to liberate knowledge. Working Paper 1. continental levels. Balassa’s five stages of regional integration 2) and breadth (i.e. All the articles you read in this site are contributed by users like you, with a single vision to liberate knowledge. Free trade area.This is the most basic form of economic cooperation. endobj The Integration Movement in the Caribbean at Crossroads: Towards a New Approach of Integration Uziel Nogueira Series April 1997. At the end of Lesson 1, students will arrange the integration stages on the simplified timeline. The West Indies Federation (WIF) was the first major effort at regional integration. • Synergies - the total output of the integrated 2… As Laffan, O Donnell and Sm ith (2000) note, Balassa s view of a In Section3, it is argued that a three dimensional approach for evaluating regional integration projects is suitable, the South American region is chosen as the case of study. In the main, people-to-people relations should be prioritised. stages of integration going form FTA to political integration 2. objective An increase of welfare has been recognized as a main objective of economic integration. Usually integration involves one or more written agreements that describe the areas of cooperation in detail, as well as some coordinating bodies representing the countries involved. Regional economic integration has enabled countries to focus on issues that are relevant to their stage of development as well as encourage trade between neighbors. i���3ձ�x�常�'Ҡ�x� J��� ���%��v��?sso��dZIPeɴ��}�2ve��9v�!����BK�-�����k�Ll�7:���ˠ���K�kZ�����5��P�XF�3E�!&�ؗ�8�ЧU�O!�UG��c>ħ>�9�VW`�k�[����#GtM�\��)m��,품¢9��bMV���v��.t-3~j��NdCQ��j3�����e?ڬAd�DiǸ���VO�%5��KE��~�N���4�k�����@�g{����+��r[����bS��f��n>C#^sp�I���y���&)��? This paper represents the opinions of the author, and is the product of professional research. Economic space (tax, insurance and financial policies, customs tariffs, etc.) The pan-African developmental regional integration agenda has to do with regional integration for the political unification of Africa. (4) In reality, the Balassa’s five stages – or six stages, as also taking into consideration the above presumtive fiscal approach aren’t able to cover the European integration description, but just the liberal face of it. �|�A��b��g�D�����Q>���!�;���U�u�����b�d +��p����ߎd�2�&��r��G=H��`�Ew� ����{�Ar\�%��c���|Q��ąc�mj�aF�5ƦI-&¾|* B�W���YS'�wi}M��G�M]x/>l��ֽ���D�!�_ ���eT�k&�gڑ � Among the most outstanding features of the current processes of regional economic integration are: 1. Economic borders : any obstacle which limits the mobility of goods services and factors of production between countries. There are four main types of regional economic integration. logo, main signatories, where signed). The Theory and Nature of Regional Integration Balassa s five stages of economic integr ation (Balassa (1961)) constituted a free trade area, customs union, common market, economic union and total economic integration. ��@ 1.2. integration stage identified in his model on the (economic and) monetary union. PreserveArticles.com is an online article publishing site that helps you to submit your knowledge so that it may be preserved for eternity. 52 June 2003 Abstract he CEMAC,(Communauté Economique et Monétaire de l’Afrique Centrale), is one of the oldest regional arrangements in Africa, consisting of Cameroon, Central African Republic, Chad, the Republic of Congo, Equatorial Guinea, and Gabon. <> �������� 1. Figure 1: 12 Case Studies of Regional Power Integration Schemes PJM SIEPAC UCTE ... at different stages of development Power Exchange Trading Agreement Investment projects underway Consistent supply since 1997 Imposition of social and cyC <> It lasted untilMay 31, 1962. 4 0 obj It … From its lowest to its higlhest formiis, initegrationi hias been said to Economic integration, or regional integration, is an agreement among nations to reduce or eliminate trade barriers and agree on fiscal policies. [/ICCBased 3 0 R] Another important finding is a direct link between the dynamics of macro- and micro-economic parameters such as the evolution of industrial clusters and the GDP's temporal and spatial dynamics. /Filter /FlateDecode Learn vocabulary, terms, and more with flashcards, games, and other study tools. An example is the North American Free Trade Agreement (NAFTA). The Economic Commission for Africa (ECA) became the champion of regional integration, already in the mid-1960s proposing the division of Africa into regions for the purposes of economic development. Emphasis is placed on opening markets, eliminating trade barriers a… Experiences in Europe alone illustrate how regional integration may take very different forms, both in terms of depth (i.e. 2 0 obj 2 Regional integration: a still changing concept << �i��,iiQb,�ix %PDF-1.5 Lesson 1 Stages of Caribbean Integration. The WIF was established in 1956 by the British Federation Act and came into effect on January 3, 1958. In contrast, as intra-Africa tariffs are higher, integration within Africa would support manufacturing and natural resources. Types of Regional Integration • Regional integration is a continuum, with economic interconnectedness progressing from a low level of integration—the free trade area — through higher levels to the most advanced form of integration—the political union . (1) Regional Integration In addition to the global economic regime based on the GATT and IMF systems, which has sustained the world economy since World War II, regionalism, through which neighbouring countries seek to strengthen their economies by entering into some form of “regional integration” has become a major trend. Economic Development and Regional Integration Details Hits: 24507 OUR VISION: This involves the transformation of the Region into an area of shared growth and development, an area of cooperation based on convergence of strategies and policies. Pan-Africanism, an ideology which emphasises continental unity and strong identification with ongoing anti-colonial struggles, was the … There are four main types of regional economic integration. This is the most basic form of economic cooperation. All except the West Indies Federation are acronyms or abbreviations. 3 0 obj 1 Types of Economic Integration Bela Balassa (tUSA) L CONCEPTS AND Dk'l'I.V1ITI0\S In the WeNtern economnic liteatuwre, discussionis of the types of economic inte-gration of nationial states have cuistolalily Focused on the various stages of integratiton.

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