General Assembly Distr.: General Sixty-Sixth Session 5 January 2012
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The Globalization of Markets and Regional Integration
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Welfens, Paul J. J. Article — Digitized Version The globalization of markets and regional integration Intereconomics Suggested Citation: Welfens, Paul J. J. (1989) : The globalization of markets and regional integration, Intereconomics, ISSN 0020-5346, Verlag Weltarchiv, Hamburg, Vol. 24, Iss. 6, pp. 273-281, http://dx.doi.org/10.1007/BF02924734 This Version is available at: http://hdl.handle.net/10419/140211 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu INTERNATIONAL COMPETITION Paul J. J. Welfens* The Globalization of Markets and Regional Integration The 1980s have witnessed the globalization of markets and an intensified international competition. The rise of the newly industrializing countries and the growth of multinational enterprises - developing parallely to foreign direct investments - have contributed considerably to this trend. -
Role and Function of Regional Blocs and Arrangements in the Formation of the Islamic Common Market
Journal of Economic Cooperation 21 , 4 (2000) 1-28 ROLE AND FUNCTION OF REGIONAL BLOCS AND ARRANGEMENTS IN THE FORMATION OF THE ISLAMIC COMMON MARKET ∗ Oker Gürler The present study aims to examine the role and function of regional blocs and trade arrangements in the formation of the Islamic Common Market. For this purpose, it provides, first of all, a conceptual background on regional economic groupings. Then, it evaluates the regional economic groupings and trade arrangements formed amongst the member countries of the OIC. Based on this framework, the paper discusses, in detail, the possible role and function of regional economic groupings and trade arrangements in the formation of the Islamic Common Market or any other form of economic integration. At the end, it gives concluding remarks on the topic. 1. INTRODUCTION In the 1990s, regionalisation efforts increased considerably at the global scale. This new wave of regionalisation was mostly affected by the achievements of the European countries in creating first a common market and then a monetary and economic union amongst themselves. Since its establishment, the European Union (EU) has grown greatly in terms of its membership, its economic and political influence, and its organisational infrastructure. Starting with only six member states, its membership has now reached fifteen. Furthermore, more countries are waiting at the doorstep of the Union. On the other hand, the Maastricht Summit (9-10 December 1991) was a very important turning point in the history of the EU. The member countries agreed on the Treaty on the European Union aiming to develop the European Community into an Economic and Monetary Union (EMU) and to introduce a single European currency by 1999 at the latest. -
Peace Corps Romania Survival Romanian Language Lessons Pre-Departure On-Line Training
US Peace Corps in Romania Survival Romanian Peace Corps Romania Survival Romanian Language Lessons Pre-Departure On-Line Training Table of Contents………………………………………………………………………. 1 Introduction……………………………………………………………………………… 2 Lesson 1: The Romanian Alphabet………………………………………………… 3 Lesson 2: Greetings…………………………………………………………………… 4 Lesson 3: Introducing self…………………………………………………………… 5 Lesson 4: Days of the Week…………………………………………………………. 6 Lesson 5: Small numbers……………………………………………………………. 7 Lesson 6: Big numbers………………………………………………………………. 8 Lesson 7: Shopping………………………………………………………………….. 9 Lesson 8: At the restaurant………………………………………………………..... 10 Lesson 9: Orientation………………………………………………………………… 11 Lesson 10: Useful phrases ……………………………………………………. 12 1 Survival Romanian, Peace Corps/Romania – December 2006 US Peace Corps in Romania Survival Romanian Introduction Romanian (limba română 'limba ro'mɨnə/) is one of the Romance languages that belong to the Indo-European family of languages that descend from Latin along with French, Italian, Spanish and Portuguese. It is the fifth of the Romance languages in terms of number of speakers. It is spoken as a first language by somewhere around 24 to 26 million people, and enjoys official status in Romania, Moldova and the Autonomous Province of Vojvodina (Serbia). The official form of the Moldovan language in the Republic of Moldova is identical to the official form of Romanian save for a minor rule in spelling. Romanian is also an official or administrative language in various communities and organisations (such as the Latin Union and the European Union – the latter as of 2007). It is a melodious language that has basically the same sounds as English with a few exceptions. These entered the language because of the slavic influence and of many borrowing made from the neighboring languages. It uses the Latin alphabet which makes it easy to spell and read. -
Why Is the Dollar Shrinking?
WHY THE DOLLAR IS SHRINKINO IRVING FISHER Econ5135 . 5 Harvard College Library WWECCLESIONES AE HARD DIANA ACAD TRISTO NOV AC SIX UM IN CHRTTIIS FROM THE QUARTERLY JOURNAL OF ECONOMICS WHY - - WHY IS THE DOLLAR SHRINKING ? THE MACMILLAN COMPANY NEW YORK • BOSTON · CHICAGO · DALLAS ATLANTA • SAN FRANCISCO MACMILLAN & CO ., LIMITED LONDON • BOMBAY • CALCUTTA MELBOURNE THE MACMILLAN CO . OF CANADA , LTD . TORONTO WHY IS THE DOLLAR SHRINKING ? A STUDY IN THE HIGH COST OF LIVING BY IRVING FISHER PROFESSOR OF POLITICAL ECONOMY IN YALE UNIVERSITY AUTHOR OF " THE PURCHASING POWER OF , MONEY " " THE NATURE OF CAPITAĚ AND INCOME , " ETC , དར་ * New York THE MACMILLAN COMPANY 1914 All rights reserved Econ 5136 . 5 . : From the Quarterly Journal of Economics . COPYRIGHT , 1914 , BY THE MACMILLAN COMPANY . Set up , and elegrotyped . Published September , 1914 . O " Norwood Press J . 8 . Cushing Co . - Berwick & Smith Co . Norwood , Mass . , U . 8 . A . To SIR DAVID BARBOUR VETERAN ADVOCATE OF THE PRINCIPLES FOR WHICH THIS BOOK STANDS PREFACE PRESENT - DAY discussion on the high cost of living shows some bewilderment in the mind of the general public as to the mechanism by which the scale of money prices is determined . Few people realize that the principles determining the general scale of prices are quite distinct from the principles determining the individual prices themselves . Few realize , for instance , that the money price of any commodity has to do not only with that commod ity but also with money , and that , therefore , a monetary element enters into every price . The object of this book is to state , as simply as possible , the general principles which fix the scale of prices , and to show the manner in which these principles apply to the present “ high cost of living . -
IGO Codebook V3 Short Copy.Pdf
Codebook for Correlates of War 3 International Governmental Organizations Data Set Version 3.0 Jon Pevehouse Department of Political Science University of Wisconsin – Madison Roseanne McManus Department of Political Science Penn State University Timothy Nordstrom Department of Political Science University of Mississippi July 2019 1 I. Overview of the data sets The data in the Correlates of War IGO data sets capture state memberships in the network of international governmental organizations (IGOs). The expanded version 3.0 updates the original Wallace and Singer (1970) data set and version 2.1 to provide membership information from 1816- 2014. Similar to version 2.1, version 3.0 comprises three different data sets, each with a different unit of analysis. First, version 3.0a contains membership data based on the IGO-year unit of analysis. Thus, each line of data in 3.0a represents a specific IGO’s membership in a given year (e.g. the U.N. in 1970). Second, version 3.0b presents membership data based on the country-year. This data will allow the research to see which IGOs an individual country belonged to in any annual period (e.g. Canada in 1992). Finally, version 3.0c aggregates the individual country memberships into joint dyadic memberships. This version of the data set presents shared memberships for each dyad and which individual IGOs are included in a dyad’s membership profile (e.g., Thailand-India in 2000). II. Defining a Population of IGOs IGOs have become a ubiquitous part of international life. IGOs are created to deal with political, economic, social, cultural, and environmental problems. -
The Latin Union Experience and the Lolr: the French Position
Annual ESHET Conference Nicolas Barbaroux Antwerp - 2017- May 18-20 (First Draft- Do not quote) The Latin Union experience and the LoLR: the French position "These movements in the market for precious metals became the immediate cause, in 1865, of the so-called Latin Currency Union between France, Belgium, Switzerland and Italy (...) Other European countries had at that time, either a silver currency, as in Germany and Scandinavia or a depreciated paper currency, as in Austria and Russia. If those countries had gradually attached themselves to the Latin Union, with its free minting of silver and gold at a legally established ratio then the traditional ratio between gold and silver might possibly have been preserved. Adhesion to the Latin Union was, in fact, contemplated by Germany shortly before the outbreak of the war in 1870, but owing to the war the plan never came to fruition." (Wicksell, 1935 (1906): 38) 1. Introduction In the aftermath of the E.U sovereign debt crisis, a central bank's duties debate emerged among bankers and policymakers mostly in E.U. This fundamental debate started in 2013 when the Bundesbank appealed the European Central bank (ECB) to the European Court of Justice (ECJ) owing to the adoption of the 2012 Outright Monetary Transactions (OMT) program. Despite the 2015 June (16th) decision from ECJ, the German central bank saw this freedom of central bank's action as incompatible with the Maastricht Treaty, namely the no bailout rule (art.12). Beyond the ECJ's decision, the Germans (re)opened a structural controversy on the central bank's duty, among them the one of Lender of Last Resort (hereafter LoLR) when a monetary union is concerned. -
Congressional Record-Sen Ate
8718 CONGRESSIONAL RECORD-SENATE. SEPTEJ\IBER 19, from the files of the House1 without leaving copies, papers in the case We, therefore, think there is no merit in the proposition, and that of J. W. Chickering. it ought to be inde1initely postponed. LEA-VE OF ABSENCE. The renort was agreed to, and the joint resolution indefinitely post poned. 1\Ir. Fmm,. by unanimous consent, obtained indefinite leave of ab Mr. P ALUER, from the Committee on Commerce, reported an sence, on account of important business. amendment intended to be proposed to the ~eneral deficiency appro 'Ihe hour of 5 o'clock having arrived, the House, in accordance with priation bill; whi<'h was referred to the Committee on Appropriations. its standing order, adjourned. Mr. WILSON, of Maryland, from the Committee on Claims,. to whom were referred the following bills, reported them severally without PRIVATE BILLS INTRODUCED AND REFERRED. amendment, and submitted renorts thereon: · UndEJr the rnle private bills of the following titles were introduced A bill (H. R. 341) for the relief of John Farley; and and referred· as indicated below: A bill (S. 729) for the relief of J. A. Henry and others. By Mr. BLAND (by request): A bill (H. R. 11456) to pay Philip Mr. CHANDLER, fn>m the Select Committee on fud~an Traders, to Henke.Lfor property unlawfully confucateci and destroyed-to the Com whom was referred the bill (S. 3522) regulating th~ purchase of timber mittee on War Claims. from. Indians, reported it with an amendment.. l:y Air. BUTLEH.: A bill (H. R. -
The Key Factors of Economic Integration in Southeast Asia: Case of Indonesia, Malaysia, and Thailand
The Key Factors of Economic Integration in Southeast Asia: Case of Indonesia, Malaysia, and Thailand Kiki Verico University of Indonesia, Indonesia Abstract The major aim of economic integration in Southeast Asia is to shift economic integration from intra-regional trade to intra-regional investment before it achieves the common market. This article attempts to analyze the two essential factors in Southeast Asia’s economic integration: intra-regional trade and an economic community. In the first analysis, this article observes three selected countries: Indonesia, Malaysia, and Thailand; while in the second analysis it focuses on Indonesia as a case study. Findings from this article showed that free trade agreement is effective to increase intra-regional trade but not effective to attract investment; therefore suggesting that Southeast Asia needs to amplify its open-regionalism principle. This article also found that the private sector is ready for the economic community; therefore the ASEAN Economic Community (AEC) is fit for Southeast Asia’s economic integration exemplary. Key words: economic integration, international investment (long-term capital-FDI inflows), ASEAN Free Trade Area (AFTA), Bilateral Free Trade Agreements (BFTA), Asian noodle bowl phenomenon Introduction investment. Intra-regional trade is affected by its regional trade agreement known as The Association of Southeast Asian the ASEAN Free Trade Area (AFTA), Nations (ASEAN) is committed to while its impact is expected to attract transform Southeast Asia’s economic long-run investment inflows of Foreign integration in trade, which allows free Direct Investment (FDI). As intra-regional flows of goods to free flows of investment trade analysis is essential for Southeast and services. -
Lessons in Regional Integration from the Caribbean
Lessons in regional integration from the Caribbean 2013 Pacific and PNG Update 316 13,880 31,400 328 22,966 8,400 9,802 51 261 15,800 89 443 18,200 2,889 27,750 10,991 1,300 5 102 8,500 9,100 73 751 14,000 162 616 12,800 104 11,600 389 288 430 23,700 109 344 14,100 1,226 5,128 20,300 Population ‘000 742 Land Area sq km 7,600 214,969 560 GDP per capita 2011US$ PPP 9,600 163,820 CARICOM economies • CARICOM members are typically very open – for CARICOM as a whole, trade in goods and services amounts to 100 per cent of GDP • Services exports (mainly tourism, but also financial services) are very important for many CARICOM members – on average, CARICOM derives around 45 per cent of GDP from exports of services – much more for some smaller island economies – eg 89 per cent for Antigua and Barbuda – much less for natural resource rich economies - eg 10 per cent for Trinidad and Tobago • The US, Canada and the EU are the main trade partners and sources of FDI – Intra-regional trade is relatively small (13 per cent of total goods imports – dominated by imports of petroleum from Trinidad and Tobago) Caribbean regional integration • Regional integration and cooperation long seen as critical to Caribbean development, pre and post independence – Unsuccessful attempt at political union - West Indies Federation (1958-62) – Parallel and intersecting paths of economic integration and institutional pooling/cooperation • Economic integration initiatives – Caribbean Free Trade Association – Common Market initiated along with creation of Caribbean Community -
Congressional Reoord-Senate. 2017
1898. CONGRESSIONAL REOORD-SENATE. 2017 of knowledge. In proportion as the structure of a government eign influ-enoo is one of the most baneful foes of republican gov gives force to public opinion, it is essential that public opinion ernment. But that jealousy, to be useful, must be impartial, else should be enlightened. it becomes the instrument of the very influence to be avoided, in As a very important source-of strength and security, cherish stead <>f a defense against it. Excessive partiality for one foreign public credit. One method of preserving it is to use it as sparingly nation and excessive dislike of anothm· cause those whom they as possible, avoiding occasions of expense by cultivating peace, but actuate to see danger only on one side, and serve to veil and even remem bering also that timely disbursements to prepare f<?r dan&"er second the arts of influence on the other. Real patriots who may frequently prevent much greater disbursements to repel1t; avoid resist the intrigues of the favorite are liable to become SllSpected -ing likewise the accumulation of debt, not only by shunning occa and odious, while its tools and dupes usurp the applause and con sions of expense, but by vigorous exertions in time of peace to fidence of the people to surrender their interests. discharg-e the debts which unavoidable wars have occasioned, not The great rule of conduct for us in regat·d to foreign nations is, ungenerously throwing upon posterity the burthen which we om· in extending our commercial relations, to have with them as little selves ought to bear. -
Caribbean Regional Integration
Caribbean Regional Integration A Report by the UWI Institute of International Relations (IIR) April 2011 http://sta.uwi.edu/iir/ Matthew Louis Bishop Norman Girvan Timothy M. Shaw Solange Mike Raymond Mark Kirton Michelle Scobie Debbie Mohammed Marlon Anatol With research assistance provided by Zahra Alleyne and Quinnelle-Marie Kangalee This material has been funded by UKaid from the Department for International Development, however the views expressed do not necessarily reflect the department’s official policies. ACRONYMS ACCP Assembly of Caribbean Community Parliamentarians ACS Association of Caribbean States ALBA Bolivarian Alliance for the Americas BLP Barbados Labour Party BRICS Brazil, Russia, India, China, South Africa CAPE Caribbean Advanced Proficiency Examinations CARDI Caribbean Agriculture Research and Development Institute CARICAD Caribbean Centre for Development Administration CARICOM The Caribbean Community CARIFORUM Caribbean Forum of African. Caribbean and Pacific States CARIFTA Caribbean Free Trade Association CARIPASS CARICOM Travel Pass CASSOS Caribbean Aviation Safety and Security Oversight System CBSI Caribbean Basin Security Initiative CCCC Caribbean Community Climate Change Centre CCJ Caribbean Court of Justice CDB Caribbean Development Bank CDEMA Caribbean Disaster Emergency Management Agency CEDA Caribbean Export Development Agency CEHI Caribbean Environment Health Institute CET Common External Tariff CFC Caribbean Food Corporation CFNI Caribbean Food and Nutrition Institute CIDA Canadian International Development -
Measuring Linguistic Diversity on the Internet Measuring Linguistic Diversity on the Internet
World Summit on the Information Society UNESCO United Nations Educational, Scientific and Cultural Organization World Summit on the Information Society Full texts of the studies at: http://www.unesco.org/wsis Measuring Linguistic Diversity on the Internet Measuring Linguistic Diversity on the Internet UNESCO Publications for the World Summit on the Information Society United Nations Educational, Scientific and Cultural Organization United Nations Educational, Scientific and Cultural Organization 2005 Measuring Linguistic Diversity on the Internet A collection of papers by: John Paolillo, Daniel Pimienta, Daniel Prado, et al., Edited with an introduction by UNESCO Institute for Statistics Montreal, Canada Published in 2005 by the United Nations Educational, Scientifi c and Cultural Organisation 7, place de Fontenoy, 75352 PARIS 07 SP Composed and printed in the workshops of UNESCO © UNESCO 2005 Printed in France (CI-2005/WS/06 CLD 24821) Contents 1. Introduction – UNESCO Institute for Statistics 2. Models and Approaches a. Linguistic Diversity in Cyberspace; models for development and measurement – Daniel Pimienta b. The Political and Legal Context – Daniel Prado 3. Language Diversity on the Internet: Examining Linguistic Bias, John Paolillo 4. Alternative Perspectives a. Language Diversity on the Internet: an Asian view – Yoshiki Mikami, et al. b. A note on African languages on the Internet – Xavier Fantognan 3 1. Introduction UNESCO has been emphasizing the concept of “knowledge societies”, which stresses plurality and diversity instead of a global uniformity in order to bridge the digital divide and to form an inclusive information society. An important theme of this concept is that of multilingualism for cultural diversity and participation for all the languages in cyberspace.