Lecture 2-Integration Imperative 2013 欧洲商务 中英 European business.pdf

7/9/2013 What is Economic Integration? The Integration Imperative  Integration combines parts to make a whole.  Positive and negative integration. Theory and practice  European integration has been a mixture of both. What is Economic Integration? Stages of integration  Economic integration based on removal of barriers that limit flow of goods, services,  Free trade area – remove tariffs between capital, labour and communication across members. borders.  Customs union – some common policies.  Integration is a process.  Common/single market – fuller development of other common policies (ie. competition and regional policies).  Economic integration – more intense positive integration with internal reforms. 1 7/9/2013 Three stages of integration  Interaction  Growing lnterlinkages and inter-relationships The evolution and objectives across borders