This paper provides an analysis of the two channels of regional integration: integration via markets and integration via agreements. Given that East Asia and Latin America are two fertile regions where both forms of integrations have taken place, the authors examine the experiences of these two areas. There are four related results. First, East Asia had been integrating via markets long before formal agreements were in vogue in the region. Latin America...
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2008/03/01
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Documento de trabalho sobre pesquisa de políticas
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WPS4546
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1
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1
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2010/07/01
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Disclosed
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Integration of markets vs. integration by agreements
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central american common market
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