European Integration at the Crossroads: A Review Essay on the 50 th Anniversary of Bela Balassa’s Theory of Economic Integration
Andre Sapir ()
ULB Institutional Repository from ULB -- Universite Libre de Bruxelles
Bela Balassa's Theory of Economic Integration, published fifty years ago, is a remarkable, yet little known book. This essay reviews developments in the economic literature and in the process of European integration since the book's publication, showing that it was incredibly prescient. It anticipated by more than twenty years the modern literature on economic integration that emphasizes scale economies, imperfect competition, and economic geography. It also predicted that monetary union cannot function properly without political unification, a condition well illustrated by the recent euro-debt crisis that is likely to be a watershed in the history of European integration. © 2011 AEA.
Note: SCOPUS: re.j
References: Add references at CitEc
Citations: View citations in EconPapers (16) Track citations by RSS feed
Published in: Journal of economic literature (2011) n° XLIX,p.1200-1229
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Journal Article: European Integration at the Crossroads: A Review Essay on the 50th Anniversary of Bela Balassa's Theory of Economic Integration (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ulb:ulbeco:2013/174292
Ordering information: This working paper can be ordered from
http://hdl.handle.ne ... lb.ac.be:2013/174292
Access Statistics for this paper
More papers in ULB Institutional Repository from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().