Types of Economic Integration

Bela Balassa

Chapter 1 in Economic Integration: Worldwide, Regional, Sectoral, 1976, pp 17-40 from Palgrave Macmillan

Abstract: Abstract In the Western economic literature, discussions of the types of economic integration of national states have customarily focused on the various stages of integration. From its lowest to its highest forms, integration has been said to progress through the freeing of barriers to trade (‘trade integration’), the liberalisation of factor movements (‘factor integration’), the harmonisation of national economic policies (‘policy integration’) and the complete unification of these policies (‘total integration’).1

Keywords: Economic Integration; Socialist Country; European Economic Community; Trade Diversion; Trade Creation (search for similar items in EconPapers)
Date: 1976
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DOI: 10.1007/978-1-349-02571-8_2

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