Economic Integration: The Single European Market and the NAFTA and Their Implications for Canada-UK Bilateral Trade and Investment

Author(s):  
C. L. Pass ◽  
Kate Prescott
2014 ◽  
Vol 51 (2) ◽  
pp. 294-326 ◽  
Author(s):  
John Leslie

This article demonstrates the utility of comparative historical approaches and tools for temporal analysis in comparative regional integration. Over three decades Australian and New Zealand policymakers constructed a Trans-Tasman Single Economic Market that, like the Single European Market, creates supra-national authority and removes administrative barriers to free movement of goods, services capital and people. Like the Single European Market, the Trans-Tasman Single Economic Market regulates internal movements of people liberally. In Europe, some argue, liberal regulation of people movements has led to politicization of integration. In Australia and New Zealand integration has no mass political salience. This article compares European and trans-Tasman integration to explain these divergent outcomes. It shows how differing sequences of events can explain varying levels of mass mobilization around integration in the two cases. In Europe ‘economic integration’ preceded the liberalization of people movements. Trans-Tasman integration reversed this sequence.


Equilibrium ◽  
2009 ◽  
Vol 3 (2) ◽  
pp. 67-75
Author(s):  
Anna Pyka

The creation of Single Euro Payments Area (SEPA) is the next stage of economic integration of Europe connected with clearings and payments area. The idea behind the activities within SEPA programme is the introduction of mechanisms for effective Euro payments in Europe and treatment of this area as a single market with all the consequences to do with the time of transaction and charges occurring. According to SEPA, different local solutions will be replaced by a common payment system and unified standards regulated by homogenous consumer law. This in turn shall bring in the following effects: easy, fast, safe and cheap payments for the whole European market. This article shows the conditions of implementation of SEPA programme and the consequences stemming from the single payments area.


Norteamérica ◽  
1969 ◽  
Vol 15 (1) ◽  
Author(s):  
Dulce Albarrán Macías

The aim of this paper is to characterize the bilateral trade between Mexico and the United States during the period 1981-2017, highlighting the effects of Mexico's accession to the GATT and the entry into force of NAFTA, as well as the entry of China into the WTO. Although there have been decelerations at some point, results show an increase in trade volume and, consequently, in the intensity of bilateral trade, but in the latter case with some falls resulting from the different growth rates of world trade. Intra-industrial trade, meanwhile, recorded sustained growth, which could reflect a greater vertical integration of production processes. Keywords: trade volume, trade intensity, intra-industrial trade, Grubel and Lloyd index added and corrected, economic integration.


2021 ◽  
Vol 02 (01) ◽  
pp. 2150006
Author(s):  
MOHAMMAD MASUDUR RAHMAN

Taiwan is a major hub of the global supply chains and one of the leading investors not only in China but also in other Southeast Asian markets. Although high trade complementary, bilateral trade between South Asia and Taiwan is only about US$ 9 billion, investment has only picked up recently. The computable general equilibrium (CGE) analysis indicates a substantial economic benefit of bilateral tariffs elimination between Taiwan and its South Asian partners. Taiwan has a substantial comparative advantage in producing high tech manufacturing goods while in South Asian’s main strength is in the resource-based agricultural and light manufacturing sector. Taiwan has been maintained a liberalized trade regime with minimal import tariffs and non-tariff measures (NTM) over the decades. As South Asia is booming, and Taiwan is seeking alternative markets and investments opportunities, it is time to deepen a bilateral economic relationship. South Asia is a market of 1.5 billion people with an emerging middle class along with substantial cheaper labor forces, made an ideal place for investment. A comprehensive economic partnership agreement (CEPA) with a preferential trade and investment agreement would be useful to attract Taiwanese multinationals and seamless trade between South Asia and Taiwan.


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