ECON148 CM - Regional Economic Integration

From Europe and North America to Asia, regional trade and financial integration is a dominant form of trade policy for many countries. It is openly discriminatory and often violates international treaty rules, but it thrives. This course examines the costs and benefits of existing preferential economic integration in Europe, North America, and Asia and considers the future of proposed groupings like the Free Trade Area of the Americas. The increase in recent years of preferential trade arrangements between advanced and poor countries raises important questions about their role in economic development. For its part, financial and monetary integration is a reality in Europe and under serious discussion in many countries, where it is widely viewed as a superior alternative to existing exchange-rate arrangements. Course work includes readings and team-based area studies.

Prerequisites: ECON 141 CM or ECON 101 CM and ECON 102 CM

Offered: Every other year

Credit: 1

Course Number: ECON148 CM