Economic Interactions and Economic Integration

  • Robert Solomon


The 1980s and early 1990s saw a continuation of the trend toward growing international economic interdependence that has been evident since the end of the Second World War. One manifestation of this trend is the increase in world trade relative to world output. Even more striking was the augmentation of financial interdependence — a more recent phenomenon than the growth of trade. In the 1970s and especially in the 1980s international capital flows among industrial countries increased by large amounts. In the 1990s, such flows went also to developing countries and countries in transition — emerging markets.


Exchange Rate Interest Rate Monetary Policy Economic Integration European Central Bank 
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© Robert Solomon 1999

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  • Robert Solomon

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