On Pacific economic integration

Article Abstract:

The characteristic of the present economic integration in the Pacific region is investigated. The form and extent of the economic integration among the countries in this area differ from that of the European Community and those in North America. Despite the absence of formal economic integration, these newly industrialized nations enjoys success in their industrialization. High growth rates enjoyed by the countries involved is credited to the growing interdependence among the Asia Pacific economies based on increased transfer of technologies.

Asia, Regional economics, Pacific Area

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North American integration

Article Abstract:

The consequences of the creation of the North American Free Trade Agreement (NAFTA) on the welfare, factor returns, Mexican agriculture and environment of the involved nations are discussed. NAFTA is assessed as beneficial in terms of regional trade liberization between the three countries, but the vulnerability of the countries from pressures of domestic firms and environmental groups continues to be a major concern. Furthermore, the economic advantages is still deemed to be limited particularly for Canada and the United States.

United States, Economic policy, North America

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East Germany, West Germany, and their mezzogiorno problem: a parable for European economic integration

Article Abstract:

A study was conducted to examine the failure of German economic integration. Results show that full convergence for the two Germanies will take 30-40 years in the absence of a Mezzogiorno problem. Other factors which must be considered for the integration process include the impact of productivity lags on fiscal transfers and deficits, the effect of monetary policy and interest rate plans on inflation and monetary contractions and recession.

East Germany, West Germany, Germany, West, Germany, East

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