In this comprehensive second edition of The Economics of International Integration, Miroslav N. Jovanović examines the theory of international economic integration and explores the existing and emerging international integration agreements, their achievements, problems and prospects. One of the...

In this paper we investigate how income growth rates in one country are affected by growth rates in partner countries, testing for the importance of pairwise country links as well as characteristics of the receiving country (trade and financial open- ness, exchange rate regime, fiscal...

This paper brings forward a three-country model to analyze the internationalization process in the age of globalization. It is shown that investment of one company increases not only the incentive to invest in another country for every national competitor but for third country's companies as...