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Tables of Contents for The Economics of International Intergration
Chapter/Section Title
Page #
Page Count
List of figures and tables
ix
2
List of abbreviations and acronyms
xi
3
Preface
xiv
1 Introduction
1
16
The scope of the subject
2
5
The emergence of the theory of international economic integration
7
2
The present reach of international economic integration: a global perspective
9
6
Plan of the book
15
2
2 The theory of customs unions and free trade areas
17
20
The theoretical context
17
1
Customs unions and resource allocation
18
10
The economics of a free trade area
28
9
3 Broadening the framework
37
14
The terms-of-trade effects of customs unions and free trade areas
39
2
Economies of scale in customs union theory
41
7
Conclusion
48
3
4 Customs unions versus unilateral tariff reduction
51
12
The superiority of unilateral tariff reduction?
52
3
The analysis of customs unions with public goods
55
4
Public goods and the rationale for customs unions
59
4
5 The rationale for the integration of other economic policies
63
9
Policies to overcome allocational cross-border spillovers
65
1
Policies to overcome stabilization spillovers
66
1
Policies for cohesion and convergence
67
1
The dynamics of policy integration
68
4
6 The theory of common markets
72
10
Integration and intra-bloc capital flows
74
2
Foreign capital and the costs and benefits of integration
76
4
Factor supplies, dynamic effects and convergence
80
1
Conclusion
81
1
7 The new economics of market integration
82
27
Competition and the gains from integration
83
9
Market integration: appraising the gains
92
9
The progress and impact of the Single European market
101
8
8 Transnational corporations and regional integration
109
14
Internalization and the gains from integration
110
3
Regional economic integration and the investment decisions of TNCs
113
3
Public policy and TNCs
116
3
TNCs and regional integration in Europe
119
4
9 Fiscal integration
123
40
Economic efficiency and the assignment of functions
123
4
The relevance of fiscal federalism to regional economic integration
127
12
The budget of the European Union
139
12
EU budgetary issues in the longer term
151
12
10 Fiscal harmonization
163
27
The harmonization of indirect taxes
165
11
The harmonization of direct taxes
176
4
Tax harmonization in the EU
180
9
Conclusion
189
1
11 Monetary integration
190
41
The benefits of monetary integration
193
4
The costs of monetary integration
197
15
Fiscal policy in a monetary union
212
3
Strategies for monetary integration
215
2
Monetary integration and the EU
217
11
Conclusion
228
3
12 Equity, cohesion and convergence: regional issues
231
37
The regional dimensions of economic integration
233
10
The rationale of regional policy in an economic community
243
4
The implementation of a community regional policy
247
3
Regional policy in the European Union
250
18
13 Economic integration in a global perspective: experience and initiatives
268
31
The `old' regionalism among developing countries
270
7
The `new' regionalism
277
18
Conclusion
295
4
References and select bibliography
299
26
Index
325