Abstract
Every serious discussion of economic integration, national, multinational, or worldwide, is based on concepts and issues of international-trade theory. Movements of goods, services, people, capital funds, and moneys across natural or political frontiers are what interregional and international economic relations are all about — and all of these movements are part and parcel of economic integration. Trade is usually regarded as the quintessence of economic integration, and division of labour in several of its aspects as its underlying principle. This holds for intranational as well as international trade.
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© 1977 Fritz Machlup
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Machlup, F. (1977). The Main Strands of the Idea. In: A History of Thought on Economic Integration. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-03171-9_4
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DOI: https://doi.org/10.1007/978-1-349-03171-9_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-03173-3
Online ISBN: 978-1-349-03171-9
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