The integration of economies or countries is an important issue because there is a causal relationship between integration and growth. Countries that are willing to integrate, by opening up their economies, will grow faster than if they had not integrated. Frequently quoted examples are the East Asian economies, which have achieved and sustained high growth rates and whose success has been attributed to their export-orientation and the close economic relationships that exist between many of them. Economic expansion within a regional grouping, such as the European Union, is another example of the relationship between integration and growth.
Weitere Kapitel dieses Buchs durch Wischen aufrufen
- Combining Integration and Development Strategies: The Malaysian Perspective
Mahani Zainal Abidin
- Palgrave Macmillan UK
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