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Economic integration

Index Economic integration

Economic integration is the unification of economic policies between different states through the partial or full abolition of tariff and non-tariff restrictions on trade taking place among them prior to their integration. [1]

75 relations: Association of Southeast Asian Nations, Béla Balassa, Bilateral investment treaty, Capital (economics), Certificate of origin, Commercial policy, Common external tariff, Comparative advantage, Complete economic integration, Comprehensive Economic Partnership for East Asia, Culture, Currency union, Customs and monetary union, Customs territory, Customs union, David Ricardo, Economic and monetary union, Economic integration effects, Economic partnership agreement, Economic union, Economies of scale, Economist, Eurasian Economic Community, European Coal and Steel Community, European Economic Community, European Union, Financial integration, Fiscal policy, Fiscal union, Free market, Free trade, Free-trade area, Freedom of movement, Fritz Machlup, German Question, Globalization, Goods, Gross domestic product, Heat equation, Horizontal integration, Hungary, Imperial Preference, Index of international trade topics, Jacob Viner, Labour economics, Liechtenstein, Marginal cost, Michael Porter, Middle East economic integration, Monetary policy, ..., Navier–Stokes equations, Non-tariff barriers to trade, North American Free Trade Agreement, On the Principles of Political Economy and Taxation, Opportunity cost, Pareto efficiency, Preferential trading area, Productivity, Regional integration, Service (economics), Single market, Tariff, Textile, Theory of the second best, Trade agreement, Trade and Investment Framework Agreement, Trade barrier, Trade bloc, Trade creation, Trade diversion, Transatlantic Free Trade Area, Union of South American Nations, Vertical integration, Wine, Zollverein. Expand index (25 more) »

Association of Southeast Asian Nations

The Association of Southeast Asian Nations (ASEAN) is a regional intergovernmental organization comprising ten Southeast Asian countries that promotes intergovernmental cooperation and facilitates economic, political, security, military, educational, and sociocultural integration amongst its members, other Asian countries, and globally.

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Béla Balassa

Béla Alexander Balassa (6 April 1928 – 10 May 1991) was a Hungarian economist and professor at Johns Hopkins University and a consultant for the World Bank.

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Bilateral investment treaty

A bilateral investment treaty (BIT) is an agreement establishing the terms and conditions for private investment by nationals and companies of one state in another state.

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Capital (economics)

In economics, capital consists of an asset that can enhance one's power to perform economically useful work.

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Certificate of origin

A certificate of origin (often abbreviated to C/O or CoO) is a document used in international trade.

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Commercial policy

A commercial policy (also referred to as a trade policy or international trade policy) is a governmental policy governing economic transactions across international borders.

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Common external tariff

A common external tariff must be introduced when a group of countries forms a customs union.

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Comparative advantage

The law or principle of comparative advantage holds that under free trade, an agent will produce more of and consume less of a good for which they have a comparative advantage.

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Complete economic integration

Complete economic integration is the final stage of economic integration.

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Comprehensive Economic Partnership for East Asia

The Comprehensive Economic Partnership for East Asia (CEPEA) is a Japanese led proposal for trade co-operation, free trade agreement, among the 16 present member countries of the East Asia Summit.

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Culture

Culture is the social behavior and norms found in human societies.

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Currency union

A currency union (also known as monetary union) involves two or more states sharing the same currency without them necessarily having any further integration (such as an economic and monetary union, which would have, in addition, a customs union and a single market).

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Customs and monetary union

An customs and monetary union is a type of trade bloc which is composed of a customs union and a currency union.

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Customs territory

A customs territory is a geographic territory with uniform customs regulations.

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Customs union

A customs union was defined by the General Agreement on Tariffs and Trade as a type of trade bloc which is composed of a free trade area with a common external tariff.

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David Ricardo

David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill.

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Economic and monetary union

An economic and monetary union is a type of trade bloc which is composed of an economic union (common market and customs union) with a monetary union.

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Economic integration effects

Economic integration involves at least two countries to abolish customs tariffs on inner border between the states.

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Economic partnership agreement

An economic partnership agreement is an economic arrangement that eliminates barriers to the free movement of goods, services, and investment between countries.

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Economic union

An economic union is a type of trade bloc which is composed of a common market with a customs union.

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Economies of scale

In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation (typically measured by amount of output produced), with cost per unit of output decreasing with increasing scale.

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Economist

An economist is a practitioner in the social science discipline of economics.

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Eurasian Economic Community

The Eurasian Economic Community (EAEC or EurAsEC) was a regional organisation between 2000 and 2014 which aimed for the economic integration of its member states.

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European Coal and Steel Community

The European Coal and Steel Community (ECSC) was an organisation of 6 European countries set up after World War II to regulate their industrial production under a centralised authority.

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European Economic Community

The European Economic Community (EEC) was a regional organisation which aimed to bring about economic integration among its member states.

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European Union

The European Union (EU) is a political and economic union of EUnum member states that are located primarily in Europe.

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Financial integration

Financial integration is a phenomenon in which financial markets in neighboring, regional and/or global economies are closely linked together.

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Fiscal policy

In economics and political science, fiscal policy is the use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy.

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Fiscal union

Fiscal union is the integration of the fiscal policy of nations or states.

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Free market

In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

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Free trade

Free trade is a free market policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries.

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Free-trade area

A free-trade area is the region encompassing a trade bloc whose member countries have signed a free-trade agreement (FTA).

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Freedom of movement

Freedom of movement, mobility rights, or the right to travel is a human rights concept encompassing the right of individuals to travel from place to place within the territory of a country,Jérémiee Gilbert, Nomadic Peoples and Human Rights (2014), p. 73: "Freedom of movement within a country encompasses both the right to travel freely within the territory of the State and the right to relocate oneself and to choose one's place of residence".

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Fritz Machlup

Fritz Machlup (December 15, 1902 – January 30, 1983) was an Austrian-American economist who was president of the International Economic Association from 1971–1974.

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German Question

The German Question was a debate in the 19th century, especially during the Revolutions of 1848, over the best way to achieve the unification of Germany.

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Globalization

Globalization or globalisation is the process of interaction and integration between people, companies, and governments worldwide.

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Goods

In economics, goods are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

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Heat equation

The heat equation is a parabolic partial differential equation that describes the distribution of heat (or variation in temperature) in a given region over time.

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Horizontal integration

Horizontal integration is the process of a company increasing production of goods or services at the same part of the supply chain.

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Hungary

Hungary (Magyarország) is a country in Central Europe that covers an area of in the Carpathian Basin, bordered by Slovakia to the north, Ukraine to the northeast, Austria to the northwest, Romania to the east, Serbia to the south, Croatia to the southwest, and Slovenia to the west.

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Imperial Preference

Imperial Preference was a proposed system of reciprocally-enacted tariffs or free trade agreements between the dominions and colonies of the British Empire.

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Index of international trade topics

This is a list of international trade topics.

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Jacob Viner

Jacob Viner (May 3, 1892 – September 12, 1970) was a Canadian economist and is considered with Frank Knight and Henry Simons to be one of the "inspiring" mentors of the early Chicago School of Economics in the 1930s: he was one of the leading figures of the Chicago faculty.

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Labour economics

Labour economics seeks to understand the functioning and dynamics of the markets for wage labour.

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Liechtenstein

Liechtenstein, officially the Principality of Liechtenstein (Fürstentum Liechtenstein), is a doubly landlocked German-speaking microstate in Central Europe.

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Marginal cost

In economics, marginal cost is the change in the opportunity cost that arises when the quantity produced is incremented by one unit, that is, it is the cost of producing one more unit of a good.

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Michael Porter

Michael Eugene Porter (born May 23, 1947) is an American academic known for his theories on economics, business strategy, and social causes.

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Middle East economic integration

Policies advocating Middle East economic integration aim to bring about peace, stability, and prosperity in the Middle East, which they believe can only be sustained over the long run via regional economic cooperation.

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Monetary policy

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

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Navier–Stokes equations

In physics, the Navier–Stokes equations, named after Claude-Louis Navier and George Gabriel Stokes, describe the motion of viscous fluid substances.

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Non-tariff barriers to trade

Non-tariff barriers to trade (NTBs) or sometimes called "Non-Tariff Measures (NTMs)" are trade barriers that restrict imports or exports of goods or services through mechanisms other than the simple imposition of tariffs.

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North American Free Trade Agreement

The North American Free Trade Agreement (NAFTA; Spanish: Tratado de Libre Comercio de América del Norte, TLCAN; French: Accord de libre-échange nord-américain, ALÉNA) is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America.

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On the Principles of Political Economy and Taxation

On the Principles of Political Economy and Taxation (19 April 1817) is a book by David Ricardo on economics.

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Opportunity cost

In microeconomic theory, the opportunity cost, also known as alternative cost, is the value (not a benefit) of the choice in terms of the best alternative while making a decision.

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Pareto efficiency

Pareto efficiency or Pareto optimality is a state of allocation of resources from which it is impossible to reallocate so as to make any one individual or preference criterion better off without making at least one individual or preference criterion worse off.

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Preferential trading area

A preferential trade area (also preferential trade agreement, PTA) is a trading bloc that gives preferential access to certain products from the participating countries.

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Productivity

Productivity describes various measures of the efficiency of production.

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Regional integration

Regional Integration is a process in which neighboring states enter into an agreement in order to upgrade cooperation through common institutions and rules.

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Service (economics)

In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer.

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Single market

A single market is a type of trade bloc in which most trade barriers have been removed (for goods) with some common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise and services.

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Tariff

A tariff is a tax on imports or exports between sovereign states.

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Textile

A textile is a flexible material consisting of a network of natural or artificial fibres (yarn or thread).

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Theory of the second best

In economics, the theory of the second best concerns the situation when one or more optimality conditions cannot be satisfied.

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Trade agreement

A trade agreement (also known as trade pact) is a wide ranging taxes, tariff and trade treaty that often includes investment guarantees.

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Trade and Investment Framework Agreement

A Trade and Investment Framework Agreement (TIFA) is a trade pact that establishes a framework for expanding trade and resolving outstanding disputes between countries.

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Trade barrier

Trade barriers are government-induced restrictions on international trade.

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Trade bloc

A trade block is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where barriers to trade (tariffs and others) are reduced or eliminated among the participating states.

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Trade creation

Trade creation is an economic term related to international economics in which trade flows are redirected due to the formation of a free trade area or a customs union.

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Trade diversion

Trade diversion is an economic term related to international economics in which trade is diverted from a more efficient exporter towards a less efficient one by the formation of a free trade agreement or a customs union.

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Transatlantic Free Trade Area

A Transatlantic Free Trade Agreement (TAFTA) is a proposal to create a free-trade agreement covering Europe and North America, on both sides of the Atlantic Ocean.

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Union of South American Nations

The Union of South American Nations (USAN; Unión de Naciones Suramericanas, UNASUR; União de Nações Sul-Americanas, UNASUL; Unie van Zuid-Amerikaanse Naties, UZAN; and sometimes referred to as the South American Union) is an intergovernmental regional organization comprising twelve South American countries.

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Vertical integration

In microeconomics and management, vertical integration is an arrangement in which the supply chain of a company is owned by that company.

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Wine

Wine is an alcoholic beverage made from grapes fermented without the addition of sugars, acids, enzymes, water, or other nutrients.

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Zollverein

The Zollverein or German Customs Union was a coalition of German states formed to manage tariffs and economic policies within their territories.

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Redirects here:

Economic Integration, Economic Integration Agreement, Economic intergration.

References

[1] https://en.wikipedia.org/wiki/Economic_integration

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