Today, more than 50 years after the Rome Treaty, the EU has made great strides in its’ economic integration and liberalization of movement of goods and people. International trade theory predicts deepening economic integration inside the European Union will increase regional trade and have...

A unique feature of the financial crisis is the unprecedented collapse in global world trade. The objective of this paper is to explain some of that collapse as a move toward protectionism triggered not by nationalistic interests but by ‘competing’ objectives among trading partners from the...

Mercosur is currently going through an intermediate integration stage in which macroeconomic interdependence acquires more importance. Then, the need arises to adopt strategic definitions with regard to the future of the process itself. The study examines macroeconomic interdependence with a...

In the present paper the approach of the law of Thirlwall was used to study the relation between the economic growth and the external sector of Argentina in period 1970-2003. Thirlwall maintains that the main restriction that has an opened economy to obtain a rate of growth elevated in the long...

The paper aims at analyzing the nature of relations between Non – Governmental Organizations and International Corporations. In first instance the study concentrates on identifying the key determinants of NGO’s behaviors. The following section is a description of business environment of...

The paper aims at analyzing the nature of relations between Intergovernmental Organizations and International Corporations. In first instance the study concentrates on identifying the key determinants of Intergovernmental Organizations behaviours. The following section is a description of...

Closer cooperation between neighbouring countries has throughout the ages been part of their respective political agendas. In many regions of the world, the desire to create efficient economic spaces, and eventually perhaps even political union, has been one of the driving forces behind...

We analyze the effects of monetary policy on economic activity in the proposed African monetary unions. Findings broadly show that: (1) but for financial efficiency in the EAMZ, monetary policy variables affect output neither in the short-run nor in the long-term and; (2) with the exception of...

This paper describes the functioning of a currency board within the socio-economic context in which it operates. Special focus is given to the macroeconomic implications of a currency board system compared to a central bank system. In particular the author describes the principles regulating a...

Economic theory traditionally suggests that monetary policy can influence the business cycle, but not the long-run potential output. Despite well documented theoretical and empirical consensus on money neutrality in the literature, the role of money as an informational variable for monetary...