Table of Contents

Regional Integration, Economic Development and Global Governance

Regional Integration, Economic Development and Global Governance

Edited by Ulrich Volz

The contributors expertly provide a comparative perspective on regional integration in different regions of the world while at the same time analysing the various facets of integration, relating to trade, FDI, finance and monetary policies. They provide a comprehensive treatment of the subject and offer new perspectives on the potential developmental effects of regional integration and the implications of regional integration for global economic governance. Whilst highlighting and illustrating the potential benefits deriving from regional economic integration, the book also stresses the problems and challenges regional integration processes are usually confronted with.


Ulrich Volz

Subjects: development studies, development economics, economics and finance, development economics, regional economics


Ulrich Volz Over the past decades, the European Union (EU), and its forerunner, the European Community (EC), has been at the forefront of what seems to have become a general trend towards the regionalization of the world economy. The world is arguably turning into a “world of regions” (Katzenstein, 2005), which has its manifestations not only in regional free trade areas and customs unions but also in the emergence of currency blocs.1 In this book we take a look at the integration processes that are currently taking place in different regions of the world and seek to examine the potential effects of these regional integration processes on a national, regional and global level. The regions we are most concerned with, namely East Asia, South Asia, Southern Africa and Latin America, have one thing in common in that they constitute (with the exception of a few countries in East Asia) developing or emerging countries. This requires new thinking, as regionalism needs to be viewed in the context of economic development. How can regional economic cooperation and integration contribute to economic development? What particular forms of regional integration are emerging in these specific regions? Are there lessons to be learned from other regions – not only Europe? There are three main themes that run through this book. The first is the relation between regional economic integration and global economic governance. Does regional integration – relating to trade, foreign direct investment (FDI), finance and monetary policies – stand in contrast to global initiatives or can it...