The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Economic Integration

  • Bela Balassa
Reference work entry


In everyday parlance, integration is defined as bringing together of parts into a whole. In the economic literature, the term ‘economic integration’ does not have such a clear-cut meaning. At one extreme, the mere existence of trade relations between independent national economies is considered as a form of economic integration; at the other, it is taken to mean the complete unification of national economies.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Bela Balassa
    • 1
  1. 1.