The relevance of large economic areas for the development and efficiency of the world economy

For some time now, large economic areas, as defined by Free Trade Areas, have become topical. Traditional economic analysis emphasized global allocation as well as areas of discrimination. From the viewpoint of a different reference system-natural geographic zones-larger economic areas (LEAs) are an...

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Bibliographic Details
Published in:Journal of Asian economics 1995, Vol.6 (1), p.101-111
Main Author: Lorenz, Detlef
Format: Article
Language:English
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Summary:For some time now, large economic areas, as defined by Free Trade Areas, have become topical. Traditional economic analysis emphasized global allocation as well as areas of discrimination. From the viewpoint of a different reference system-natural geographic zones-larger economic areas (LEAs) are analyzed using three criteria: (a) regulation of the international division of labor; (b) regional centers for the growth potential of the world economy; and (c) economic policy cooperation within LEAs.
ISSN:1049-0078
1873-7927
DOI:10.1016/1049-0078(95)90041-1