{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Chap017 - Chapter 17 Economic Integration CHAPTER 17...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 17 – Economic Integration CHAPTER 17 ECONOMIC INTEGRATION Learning Objectives: To understand the differences between the four basic levels of economic integration. To identify the static and dynamic effects of economic integration. To grasp the real-world impact of economic integration on countries in the European Union and the North American Free Trade Agreement. To increase awareness of current economic integration efforts in the world. I. Outline Introduction - EU: Two New Members, More Economic Growth? Types of Economic Integration - Free-Trade Area - Customs Union - Common Market - Economic Union The Static and Dynamic Effects of Economic Integration - Static Effects of Economic Integration - General Conclusions on Trade Creation/Diversion - Dynamic Effects of Economic Integration - Summary of Economic Integration The European Union - History and Structure - Growth and Disappointments - Completing the Internal Market - Prospects 17-1
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Chapter 17 – Economic Integration Economic Disintegration and Transition in Central and Eastern Europe and the Former Soviet Union - Council for Mutual Economic Assistance - Moving toward a Market Economy North American Economic Integration - Greater Integration - Worries over NAFTA Other Major Economic Integration Efforts - MERCOSUR - CAFTA-DR - FTAA - Chilean Trade Agreements - APEC Summary II. Special Chapter Features In The Real World: Economic Integration Units In The Real World: Trade Creation and Trade Diversion in the Early Stages of European Economic Integration Concept Box 1: Trade Diversion in General Equilibrium In The Real World: The East African Community In The Real World: Impacts on Trade of Black Sea Regional Economic Cooperation In The Real World: Poland and Russia in Transition: A Study in Contrasts In The Real World: The Mexican Maquiladoras In The Real World: The Effects of NAFTA on North American Trade In The Real World: Economic Integration in Africa – Too Much of a Good Thing? III. Purpose of Chapter The purpose of this chapter is to extend the study of trade policy to the situation of discriminatory policy regimes, exemplified by economic integration units such as free-trade areas and customs unions. To acquaint the student with real-world economic integration, considerable attention is devoted to the history of and the continuing liberalization in the European Union. Coverage is also given to economic disintegration in Central and Eastern Europe and the former Soviet Union, integration in North America, and other major integration units. 17-2
Image of page 2
Chapter 17 – Economic Integration IV. Teaching Tips A. The chapter begins with a brief look at the recent enlargement of the EU by the addition of two more members. This provides a nice opportunity to discuss the potential benefits to the EU and why these nations would want to join. The “In The Real World” box on pages 389-90 provides a list of the members of all major integration units. This allows the discussion to move toward the common characteristics of members of integration units.
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern