Abstract
In economic theory, economic integration means a lowering of the barriers to business between two economies. The barriers may be institutional (for example, tariffs) or natural (for example, transportation costs). In the jargon of economics, economic integration may not imply a tightly knit relationship. For instance, it has often been said that the decrease in the cost of transportation has led to global economic integration.
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© 2005 Yun-Wing Sung
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Sung, YW. (2005). Policy Changes and Economic Integration. In: The Emergence of Greater China. Studies on the Chinese Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230536807_3
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DOI: https://doi.org/10.1057/9780230536807_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-39331-2
Online ISBN: 978-0-230-53680-7
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