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Article: Regional Integration and Development.(Book Review)
- Article from:
- Journal of Development Studies
- Article date:
- August 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Frank Cass & Company Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Maurice Schiff and L. Alan Winters. Oxford: World Bank and Oxford University Press, 2003. Pp.xvii + 321. 22.99 [pounds sterling]. ISBN 0 8213 5078 1
Early ideas on regional integration and developing countries focussed on its potential contribution to an infant industry basis for industrialisation and growth through import substitution. So trade diversion, Viner's negative effect of customs unions became, in the eyes of many academics and politicians in developing countries, a positive benefit. Increasing the size of the internal protected market would lower the cost of switching consumption from foreign suppliers to currently less efficient suppliers within ...