The Mercosur was born as an imperfect Customs Union. During the transition phase to a complete Customs Union -starting in 1995-, each country established some exceptions to trade liberalization within the region and to the external common tariff. This paper deals with the possible effects on the...

This paper evaluates Black Sea Economic Cooperation (BSEC) from the perspective of globalization efforts in the Middle East and the Balkans, the regions that future expansion scenarios are most likely to cover. For this purpose, the paper investigates the economic rationale behind the desire to...

The discussion paper is an analysis into the effects of integration of Central East European (CEE) economies into the World market in general and the economic region on the European Union (EU) in particular.

Preparations for the introduction of the euro are underway in all sectors. The Commission Communication on "Practical Aspects of the Introduction of the Euro" of October 1997, provided information on these ongoing preparations at national and European level by both the private and the public...

Member States shall conduct their economic policies with a view to contributing to the achievement of objectives of the Community , as defined in Article 2, and in the context of the broad guidelines referred to in Article 103(2). The Memeber States and the Community shall act in accordance with...

As contemporary globalization of the world economy continues, each nation enjoys the benefits of greater exploitation of scale economies and of specialization and exchange. But equally true, globalization causes greater dependence among regions, nations, and localities and this necesserily...