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...
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| Format: | Article |
| Language: | English |
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Institute for Human Rehabilitation
2017-09-01
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| Series: | Human Research in Rehabilitation |
| Subjects: | |
| Online Access: | https://human.ba/wpdm-package/full-text-128/?wpdmdl=890 |
| _version_ | 1797416705602879488 |
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| author | Alem Merdić Hasan Mahmutović |
| author_facet | Alem Merdić Hasan Mahmutović |
| author_sort | Alem Merdić |
| collection | DOAJ |
| description | 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 |
| first_indexed | 2024-03-09T06:07:02Z |
| format | Article |
| id | doaj.art-2b7485e6f3194861b298fd36424ea9b5 |
| institution | Directory Open Access Journal |
| issn | 2232-9935 2232-996X |
| language | English |
| last_indexed | 2024-03-09T06:07:02Z |
| publishDate | 2017-09-01 |
| publisher | Institute for Human Rehabilitation |
| record_format | Article |
| series | Human Research in Rehabilitation |
| spelling | doaj.art-2b7485e6f3194861b298fd36424ea9b52023-12-03T12:01:56ZengInstitute for Human RehabilitationHuman Research in Rehabilitation2232-99352232-996X2017-09-01729710510.21554/hrr.091711SOME THEORETICAL ASPECTS OF ECONOMIC INTEGRATIONAlem Merdić0Hasan Mahmutović 1University of Zenica, Faculty of Economics, Bosnia and HerzegovinaUniversity of Zenica, Faculty of Economics, Bosnia and HerzegovinaOne 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 Unionhttps://human.ba/wpdm-package/full-text-128/?wpdmdl=890forms of economic integrationeffects of economic integrationtheory of optimal currency area. JEL: F15 |
| spellingShingle | Alem Merdić Hasan Mahmutović SOME THEORETICAL ASPECTS OF ECONOMIC INTEGRATION Human Research in Rehabilitation forms of economic integration effects of economic integration theory of optimal currency area. JEL: F15 |
| title | SOME THEORETICAL ASPECTS OF ECONOMIC INTEGRATION |
| title_full | SOME THEORETICAL ASPECTS OF ECONOMIC INTEGRATION |
| title_fullStr | SOME THEORETICAL ASPECTS OF ECONOMIC INTEGRATION |
| title_full_unstemmed | SOME THEORETICAL ASPECTS OF ECONOMIC INTEGRATION |
| title_short | SOME THEORETICAL ASPECTS OF ECONOMIC INTEGRATION |
| title_sort | some theoretical aspects of economic integration |
| topic | forms of economic integration effects of economic integration theory of optimal currency area. JEL: F15 |
| url | https://human.ba/wpdm-package/full-text-128/?wpdmdl=890 |
| work_keys_str_mv | AT alemmerdic sometheoreticalaspectsofeconomicintegration AT hasanmahmutovic sometheoreticalaspectsofeconomicintegration |