Customs Union

Branko Horvat
Additional contact information
Branko Horvat: The Institute for Advanced Studies

Chapter 19 in The Theory of International Trade, 1999, pp 136-189 from Palgrave Macmillan

Abstract: Abstract The situation in which the independent political units, called states, and their economic agents compete on the world market, may be denoted as zero economic integration. The liberal epoch of 19th-century Europe corresponds institutionally most closely to such a state of affairs. Although various attempts at integration were made already in the last century, it is only in the second half of this century that the world began to move gradually towards economic integration. Various international agreements are the milestones on this path. Suffice it to mention the General Agreement on Tariffs and Trade (GATT), whose rules are obeyed by all important trading nations. Nevertheless, the world arrangements, just because they are so encompassing, will be taken as a basis from which the various, less general, integration schemes start. Various preferential trading agreements, in the ascending order of economic integration, are:

Keywords: Exchange Rate; Monetary Policy; Central Bank; Foreign Exchange; Member Country (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98338-6_19

Ordering information: This item can be ordered from
http://www.palgrave.com/9780333983386

DOI: 10.1057/9780333983386_19

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().