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Economic Integration and the Civilising Commerce Hypothesis
Author(s) -
Anderson James E.
Publication year - 2008
Publication title -
world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.594
H-Index - 68
eISSN - 1467-9701
pISSN - 0378-5920
DOI - 10.1111/j.1467-9701.2007.01085.x
Subject(s) - economic integration , economics , enforcement , trade barrier , commercial policy , international free trade agreement , international economics , international trade , political science , law
Economic integration lowers one form of trade costs, tariffs and stimulates changes in other trade costs. This paper offers a model in which integration may raise or lower the important trade cost associated with insecurity. The model can help to explain the varied experience with integration and it points to the usefulness of combining enforcement‐policy integration with trade‐policy integration.