Book Review: International Handbook on the Economics of Integration

Isidora Ljumović ()
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Isidora Ljumović: Economic Institute, Postal: Economic Institute, Kralja Milana 16, Beograd, Serbia

Journal of Economic Integration, 2013, vol. 28, 525-532

Abstract: Since the end of the Second World War, economic integration has been regarded as being one of the most important global economic policies. Its relevance has not diminished and most countries, especially those that are developing, consider it to be a long-term strategy. Integration is present in various forms all around the world on a wide scale of depth and geographical coverage, but the largest, strongest and deepest forms exist in developed countries with the European Union (EU) leading the way. The most important effects of economic integration can be seen in the field of economic growth and development, with benefits that include lower transaction costs, lower investment risk, market expansion, pooling of regional resources, economies of scale, efficient allocation of resources and many more. However, over the period of their establishment and development examples of economic integration from all around the world have raised numerous questions and problems - both theoretical and applied - which primarily have to be dealt with by policymakers. This handbook attempts to provide answers for some of these problems/questions, while at the same time offering new perspectives and ideas.

Keywords: Economic integration; regional trade agreements; globalization; international organizations (search for similar items in EconPapers)
JEL-codes: F15 F36 Y30 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0612

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