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International Economic Integration

International Economic Integration

Challenges and oportunities for developing markets

  • Author: Palacios Chacón, Lorena A.; Lombana Coy, Jahir; Reynaga Alcalá, Patricia
  • Publisher: Universidad del Norte
  • ISBN: 9789587894790
  • eISBN Epub: 9789587894790
  • Place of publication:  Barranquilla , Colombia
  • Year of publication: 2022
  • Pages: 216

Due to different social, political, and economic cycles, international trade dynamics and protectionist initiatives become evident worldwide. Therefore, understanding international economic integration is highly significant. This textbook looks to understand international economic integration from a historical, theoretical, and practical outlook deriving essential lessons for developing economies. Each section contains specific exercises to apply a wide variety of concepts and tools. It is expected that the reader develops a critical perspective of the topics analyzed to use them in the dynamic and changing business environment. This book is suggested for people with basic knowledge in international business, economics, and related disciplines.

  • About this book
  • About the authors
  • Acknowledgments
  • Introduction
  • Chapter 1. An Overview of International Economic Integration
    • 1.1 Pedagogical framework
      • 1.1.1 Learning outcomes
      • 1.1.2 Overview
      • 1.1.3 Outline of key concepts
    • 1.2 Historical background
    • 1.3 Stages of Economic Integration
      • 1.3.1 Border integration
      • 1.3.2 Free trade areas
      • 1.3.3 Customs union
      • 1.3.4 Common Market
      • 1.3.5 Economic union
      • 1.3.6 Political union
    • 1.4 Barriers to trade
      • 1.4.1 Tariffs
      • 1.4.2 Quotas
      • 1.4.3 Subsidies
      • 1.4.4 Non-tariff barriers
    • 1.5 Pros and Cons of Economic Integration
      • 1.5.1 Advantages of integration
      • 1.5.2 Disadvantages of integration
    • 1.6 International trade, integration, and development
    • 1.7 End of chapter
      • 1.7.1 Summary
      • 1.7.2 Mind map
    • 1.8 Questions and exercises
    • 1.9 References
    • 1.10 Appendix 1. Useful websites
  • Chapter 2. The World Trade Organization (WTO)
    • 2.1. Pedagogical framework
      • 2.1.1 Learning outcomes
      • 2.1.2 Overview
      • 2.1.3 Outline of key concepts
    • 2.2 Historical background
    • 2.3 Principles of the trading system
      • 2.3.1 Trade without discrimination
      • 2.3.2 Free Trade: gradually, through negotiation
      • 2.3.3 Predictability
      • 2.3.4 Promoting fair competition
      • 2.3.5 Encouraging development and economic reform
    • 2.4 Functions
      • 2.4.1 Administering WTO trade agreements
      • 2.4.2 Forum for trade negotiations
      • 2.4.3 Handling trade disputes
      • 2.4.4 Monitoring national trade policies
      • 2.4.5 Technical assistance and training for developing countries
      • 2.4.6 Cooperation with other international organizations
    • 2.5 Main agreements
      • 2.5.1 General Agreement on Tariffs and Trade (GATT)
      • 2.5.2 General Agreement on Trade in Services (GATS)
      • 2.5.3 Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS)
    • 2.6 New topics in international trade
    • 2.7 Future of the WTO
    • 2.8 End of the Chapter
      • 2.8.1 Summary
      • 2.8.2 Mind maps
      • 2.8.3 Questions and exercises
    • 2.9 References
  • Chapter 3. Regional Trade Agreements (RTAs)
    • 3.1. Pedagogical framework
      • 3.1.1 Learning outcomes
      • 3.1.2 Overview
      • 3.1.3 Outline of key concepts
    • 3.2 Political Economy of Regional Integration
      • 3.2.1 Dimensions of regionalization
      • 3.2.2 Evolution of approaches to regional integration
    • 3.3 Economic Effects of Regional Integration
      • 3.3.1 Static effects of economic integration
      • 3.3.2 Dynamic effects of economic integration
      • 3.3.3 Effects of deep economic integration
    • 3.4 Rules of Origin in Regional Trade Agreements
    • 3.5 Evolution of Regional Trade Agreements
      • 3.5.1 The case of Europe
      • 3.5.2 Some examples of integration agreements from developing countries
    • 3.6 The Debate between Multilateralism and Regionalism
      • 3.6.1 Spaghetti bowl of complex rules of origin
      • 3.6.2 Capacity and dynamics of countries’ business
      • 3.6.3 Speed of elimination of restrictions and quantity of partners
      • 3.6.4 Simultaneous negotiations
      • 3.6.5 Size of partners, issue of bargaining power
      • 3.6.6 Long stand negotiations
    • 3.7 The Case Against Economic Integration
    • 3.8 End of the chapter
      • 3.8.1 Summary
      • 3.8.2 Mind map
      • 3.8.3 Questions and exercises
    • 3.9 References
  • Chapter 4. Global Value Chains (GVC): background and development
    • 4.1. Pedagogical framework
      • 4.1.1 Learning outcomes
      • 4.1.2 Overview
      • 4.1.3 Outline of key concepts
    • 4.2 The GVC concept
    • 4.3 Background
    • 4.4 Global Value Chain Classification
      • 4.4.1 Market
      • 4.4.2 Modular
      • 4.4.3 Relational
      • 4.4.4 Captive
      • 4.4.5 Hierarchy
    • 4.5 Implications of integration/upgrading into GVC
      • 4.5.1 Conditions to enter global value chains
      • 4.5.2 Transmission mechanisms from GVCs to local economies
      • 4.5.3 Conditions to sustain/improve/upgrade global value chains
      • 4.5.4 Integration and upgrading in action
    • 4.6 Strategies to restructure global value chains under uncertainty
      • 4.6.1 The case of the COVID-19 pandemic
      • 4.6.2 Strategies to face the crisis
      • 4.6.3 Globalization does not stop
    • 4.7 End of the chapter
      • 4.7.1 Summarizing
      • 4.7.2 Mind map
      • 4.7.3 Questions and exercises
    • 4.8 References
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