Lecture 1 - Introduction
Lecture 1 - Introduction
(L11115)
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Economic Integration , or Disintegration?
We are living in a economically integrated world but facing
unprecedented challenges of economic disintegration , e.g.
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regional & global integration
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2 Global institutions for economic integration
19 large economies + EU
(Norway: ‘arbitrary, self-appointed’)
80% world production & trade; 2/3rds world population
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G20
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3. Regional integration: Balassa (1961) classification
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Appendix: European Integration
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EU decision-making (2)
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Membership of EU
28 countries
big 6 of France, Germany, Italy, Poland, Spain, UK
+ smaller countries Austria, Belgium, Cyprus, Czech
Republic, Denmark, Estonia, Finland, Greece, Hungary,
Ireland, Latvia, Lithuania, Luxembourg, Malta,
Netherlands, Portugal, Slovakia, Slovenia & Sweden
Romania & Bulgaria joined in 2007, Croatia 2013
UK joined 1973
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G20 agenda: (Pittsburg September 2009)
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