| Description |
1 online resource (xiii, 87 pages) |
| Physical Medium |
polychrome |
| Description |
text file |
| Bibliography |
Includes bibliographical references (pages 77-81) and index. |
| Summary |
Annotation Has globalization gone far enough? This study will use the underlying data from Purchasing Power Parity Surveys to estimate the potential benefits from fully integrating goods markets among major OECD countries. These data are particularly useful because they are comprehensive and every effort has been made to ensure that they are comparable. Input-output tables will be used to eliminate distribution margins from final goods prices and thereby provide estimates of ex-factory prices. Price differentials will be taken as measures of barriers, and the welfare effects of eliminating these barriers will be estimated in a general equilibrium model. The study will also provide insights into the relative openness of individual OECD countries to the world economy, and the degree to which Europe has become a single market. |
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Annotation How important are the remaining barriers to integration in international goods markets and how would eliminating them affect global and individual countries' welfare? This book studies these questions using the most comprehensive price data available. Bradford and Lawrence find that there is considerable market fragmentation among industrial countries -- that is, firms charging different prices for similar products in different national markets -- even among countries with low tariff barriers. The authors estimate that integration among the eight countries in their sample -- Australia, Canada, Germany, Italy, Japan, the Netherlands, the United Kingdom and the United States -- would raise global GDP by more than $500 billion, or about 2 percent. Remarkably, almost half the global gain in these eight countries could be reaped if Japan alone eliminated its international fragmentation. |
| Access |
Use copy Restrictions unspecified MiAaHDL |
| Reproduction |
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL |
| System Details |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
| Processing Action |
digitized 2010 HathiTrust Digital Library committed to preserve MiAaHDL |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
International economic integration.
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International economic integration. |
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Globalization -- Economic aspects.
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Globalization -- Economic aspects. |
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Trade blocs.
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Trade blocs. |
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Non-tariff trade barriers.
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Non-tariff trade barriers. |
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Prices.
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Prices. |
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Markets.
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Markets. |
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Welfare economics.
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Welfare economics. |
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North America -- Economic integration.
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North America. |
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European Union countries -- Economic integration.
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European Union countries. |
| Genre/Form |
Electronic books.
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| Added Author |
Lawrence, Robert Z., 1949-
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Institute for International Economics (U.S.)
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| Other Form: |
Print version: Bradford, Scott C. Has globalization gone far enough?. Washington, DC : Institute for International Economics, 2004 0881323497 9780881323498 (DLC) 2003062083 (OCoLC)53231946 |
| ISBN |
9781435631434 (electronic book) |
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1435631439 (electronic book) |
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0881323497 |
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9780881323498 |
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0881323497 |
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9780881323498 |
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