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Conditions for Successful Integration among LDCs : A Graphical Presentation
Staubhaar, Thomas 세종대학교 국제경제연구소 1987 Journal of Economic Integration Vol.2 No.2
This article provides a simple graphical device for viewing the existence of an optimal degree of integration which is jointly determined by the size of the integrated area, and the level and homogeneity of industrial development among its members. It easily and clearly demonstrates that neither "homogeneity", nor a specific "level of economic development", nor "optimal size" guarantee an optimal degree of economic integration if they are taken independently from each other.