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Lesson 4: Theory of Economic Integration

Monday 2 October 2023

Regional Economic Associations between developed countries

1.-Trade protection in a small open economy, 2.-Customs Union: Trade Creation and Diversion, 3.-Terms of Trade in a Customs Union, 4.-Economies of Scale in a Customs Union, 5.-Free Trade Areas, 6.-Common Markets a) Effects of Labor Mobility b) Effects of Capital Mobility and Technology Transfer

Reading: Hitiris 1.2, Appendix A.1

Attached documents

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