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GLOBAL ECONOMIC INTEGRATION

Authors


Department of Economics, University of Melbourne, Parkville, Vic. 3010, Australia. E-mail: pjlloyd@unimelb.edu.au. I am indebted to Robert Dixon for assistance in constructing Figure 1, and to a referee for helpful suggestions. Parts of Section 1 have made use of material in Lloyd (2005).

Abstract

While the notion of global economic integration is hardly new, it is, regrettably, a rather vague notion. This paper seeks to outline what is meant by the concept of global economic integration, what benefits it may bring, and how it is coming about in terms of the modalities being used in multilateral organizations and international agreements, regional agreements and in unilateral national actions.

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