Abstract:
This survey provides a broad overview of the theory of economic integration from the standpoint of Customs Union theory. It argues that Customs Union theory, as such, lacks integration and that there appears to be no clear possibility that recent developments in the area will solve this failure. In spite of this, the basic theoretical framework that has been laid down from Viner's seminal work and further developed and perfected by others, is still useful as a tool for empirical research on the topic.