What are the limits to economic integration? CEPS Working Document No. 177, November 2001
(2001) What are the limits to economic integration? CEPS Working Document No. 177, November 2001 .
Full text available as: |
Abstract
This paper discusses the continuing importance of borders, even within the EU, for the volume of international trade and global capital flows. It suggests that a range of factors, including the nature of the commercial, social and legal fabric of a country and the structure of consumers' preferences, act to constrain cross-border exchanges relative to internal transactions. Hence, whilst the process of globalisation may continue, there are likely to be distinct limits to the extent of economic integration. This entails that the traditional roles of governments in OECD countries in providing social welfare and regulating the market economy within national boundaries will not be seriously undermined. However, the situation may differ in developing countries where existing social and legal institutions may be compromised by globalisation rather than acting to dampen its impact.
| Item Type: | Working Paper |
|---|---|
| Remote Resource Image: |  |
| Public Domain: | No |
| Refereed: | No |
| Status: | Published |
| Authors, Individual: | Brenton, Paul. |
| Title: | What are the limits to economic integration? CEPS Working Document No. 177, November 2001 |
| Language: | English |
| Institution: | Centre for European Policy Studies, Brussels |
| Journals and Series: | Series > Centre for European Policy Studies (Brussels) > CEPS Working Documents |
| Pages: | 18 |
| Month: | November |
| Year: | 2001 |
| Subjects: | EU policies and themes > External relations > globalisation/globalization EU policies and themes > Policies & related activities > economic and financial affairs > general EU policies and themes > External relations > international trade |
| ID Code: | 1829 |
| Deposited By: | Wilkin, Phil |
| Deposited On: | 08 July 2004 |
