Regional Economic Integration
ASSIGNMENT ON REGIONAL ECONOMIC INTEGRATION
This assignment paper is a “summary report” of an article named “Regional Economic Integration in a Global Framework” on G-20 WORKSHOP held in Beijing, China, on 22-23 September, 2004.
Course Title: Regional Economic Integration
Course Code: IB-512
Prepared By-
Md. Hedayetul Islam
MBA (Regular)
Batch no: 7th
ID- 34
Department of International Business
University of Dhaka
Submitted To-
Md. Rashedur Rahman
Assistant Professor,
Department of International Business
University of Dhaka
Date of Submission: January 1, 2015
Contents
Introduction 1
Background of the Article: 2
Summary of Proceedings: 3
Trends: 3
Process of integration: 3
Factor of progress: 3
Currency exchange: 4
Recent strengths of the institutions: 4
Framework: 4
Multilateral arrangements: 5
Conclusion: 5
Assignment Part 2: Summary of Key Papers 6
Summary of Key paper-3: Regional economic integration and institution building 7
Preamble: 7
Five types of integration are discussed in these sections- 7
Market integration: 7
Political integration: 8
Regional, Monetary and Financial integration: 9
Conclusion: 10
Key Paper 4: Stepping stones or building blocks; Regional and multilateral integration 11
Introduction: 11
Logic and fears: 11
Regional liberalization: 11
Regionalism shifts power: 11
History: Fascism, autarky and regionalism: 11
Dynamic view: 11
Reasons of failure of FTAS: 12
Effect applied to blocs: 12
Anti-liberalization: 12
Conclusion: 13
References: 14
Assignment Part 1: Summary of Proceedings
Introduction
Regional integration is a process in which neighboring states enter into an agreement in order to upgrade cooperation through common institutions and rules. The objectives of the agreement could range from economic to political to environmental, although it has typically taken the form of a political economy initiative where commercial interests are the focus for achieving broader socio-political and security objectives, as
This assignment paper is a “summary report” of an article named “Regional Economic Integration in a Global Framework” on G-20 WORKSHOP held in Beijing, China, on 22-23 September, 2004.
Course Title: Regional Economic Integration
Course Code: IB-512
Prepared By-
Md. Hedayetul Islam
MBA (Regular)
Batch no: 7th
ID- 34
Department of International Business
University of Dhaka
Submitted To-
Md. Rashedur Rahman
Assistant Professor,
Department of International Business
University of Dhaka
Date of Submission: January 1, 2015
Contents
Introduction 1
Background of the Article: 2
Summary of Proceedings: 3
Trends: 3
Process of integration: 3
Factor of progress: 3
Currency exchange: 4
Recent strengths of the institutions: 4
Framework: 4
Multilateral arrangements: 5
Conclusion: 5
Assignment Part 2: Summary of Key Papers 6
Summary of Key paper-3: Regional economic integration and institution building 7
Preamble: 7
Five types of integration are discussed in these sections- 7
Market integration: 7
Political integration: 8
Regional, Monetary and Financial integration: 9
Conclusion: 10
Key Paper 4: Stepping stones or building blocks; Regional and multilateral integration 11
Introduction: 11
Logic and fears: 11
Regional liberalization: 11
Regionalism shifts power: 11
History: Fascism, autarky and regionalism: 11
Dynamic view: 11
Reasons of failure of FTAS: 12
Effect applied to blocs: 12
Anti-liberalization: 12
Conclusion: 13
References: 14
Assignment Part 1: Summary of Proceedings
Introduction
Regional integration is a process in which neighboring states enter into an agreement in order to upgrade cooperation through common institutions and rules. The objectives of the agreement could range from economic to political to environmental, although it has typically taken the form of a political economy initiative where commercial interests are the focus for achieving broader socio-political and security objectives, as
References: 1. Baldwin, Richard E. and A. Enables (1995), “Regional Economic Integration”, in Handbook of International Economics: Volume III, G. Grossman and K. Roof (eds.), North-Holland, Amsterdam 2. Bergsten, F. (1996), “Competitive liberalization and global free trade: A vision for teary 21st century”, (Washington DC: Institute for International Economics). 3. Bergsten, F. (1996), “Competitive liberalization and global free trade: A vision for the early 21st century”, (Washington DC: Institute for International Economics). 4. Blamestorm, M. and A. Kokako (1997), “Regional integration and foreign direct investment”, CEPR DP 1659 (London) 5. Cooper, C. and D. Mussel (1965), “Towards a general theory of customs unions in developing countries”, Journal of Political Economy 6. Galal, A. and B. Hoekman (1997), Regional partners in global markets: Limts and possibilities in the Euro-Med agreements, CEPR (London)