International Economic Integration

Author: Chen Yan
Publisher:
Publish Date: 2001-11-01
Features: International economic integration is a rather important economic phenomenon in the world economy today. It refers to the state or process of achieving economic alliances (unions) between different countries in terms of the overall national economy or certain economic fields and regions. The author of this book proposes a relatively systematic economic system of international integration based on its internal logic. This system is composed of four major pillars: integrated trade theory, theory of foreign direct investment, financial and monetary theory, and the political economy of integration. Among them, integrated trade theory consists of theories of integrated trade under perfect competition and integrated trade under imperfect competition; the theory of foreign direct investment under integration includes the tariff welfare theory with the introduction of foreign firms, the Dunning eclectic theory of international production under integrated conditions, and the theory of foreign direct investment withdrawal under integrated conditions; the financial and monetary theory of integration is composed of the exchange rate theory of an incomplete monetary union and the financial and monetary theory of a complete monetary union; the political economy of integration mainly includes the game theory analysis of public choice in trade integration and the analysis of power distribution in monetary integration. This book combines comprehensiveness and innovation, and is of great reference value for those involved in, studying, and learning about international economic integration.