SOME THEORETICAL ASPECTS OF ECONOMIC INTEGRATION
One of the basic links of the process of globalization are economic integrations. The aim of this paper is to systematize theoretical achievements and to review the forms, effects and conditions for connecting countries motivated by economic benefits. In addition to the theoretical review of the c...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Institute for Human Rehabilitation
2017-09-01
|
| Series: | Human Research in Rehabilitation |
| Subjects: | |
| Online Access: | https://human.ba/wpdm-package/full-text-128/?wpdmdl=890 |
| Summary: | One of the basic links of the process of globalization are economic integrations. The aim of this paper is to systematize
theoretical achievements and to review the forms, effects and conditions for connecting countries motivated by economic
benefits. In addition to the theoretical review of the conceptual definition of economic integration, the focus is on the
levels of economic integration from the free-trade zone to the monetary and fiscal union, explaining the specificity of
each of the mentioned levels. Considering that the connection between countries always raises the question of the benefits
and costs of connection, the special emphasis in this paper is placed on the potential effects for free trade. Finally,
the greatest contribution of this paper is the systematization and theoretical review of the theory of optimal currency
area and monetary integration, which is especially significant for the European soil, taking into account the already
established European Monetary Union |
|---|---|
| ISSN: | 2232-9935 2232-996X |