Regional integration and the new type of commercial warfare

Marius-Petre Rotaru

MPRA Paper from University Library of Munich, Germany

Abstract: The lowest the number of the regional integration areas, the higher the propensity for protectionism (Krugman). The revival of regional protectionism measures meets the case of a commercial warfare. In the largest integrated market, investors must “play” by strict rules, so that a balance between productivity and risk should be kept. The elasticity in replacing the goods interchanged across local areas commensurate with the frequency of intra-regional and extra-regional goods replacement by consumers, depending on how prices evolve. The challenge of cross-area regional integration commercial warfare might lessen to the extent that these few areas are strong enough to build their global commercial relationships upon cooperative arrangements rather then conflict-wise solutions.

Keywords: regional integration; protectionism; commercial warfare; elasticity; global cooperation; Romania’s commercial security (search for similar items in EconPapers)
JEL-codes: F15 F18 (search for similar items in EconPapers)
Date: 2008-05-30
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