Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109555
Authors: 
Park, Donghyun
Ruiz Estrada, Mario Arturo
Year of Publication: 
2010
Series/Report no.: 
ADB Working Paper Series on Regional Economic Integration 49
Abstract: 
Theories of regional integration typically analyze the regional integration process from the perspective of a single discipline, usually economics. However, such one-dimensional analytical frameworks cannot fully capture the richness and complexity of the inherently multi-dimensional regional integration process. To address the problem, we propose the regional integration evaluation (RIE) methodology which is based on four dimensions of development – economic, political, social and technological. The central idea behind the RIE methodology is that regional development promotes regional integration. Our RIE methodology differs from the existing literature in that it is based on a more comprehensive definition of development than just economic development. Our definition of a region's development incorporates the development levels of all regional countries as well as differences in development levels among regional countries. We apply the RIE methodology to assess the regional development and hence integration prospects of NAFTA, ASEAN, MERCOSUR and EU.
Subjects: 
Economic integration
economic modeling
NAFTA
ASEAN
MERCOSUR
EU
JEL: 
F15
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

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