Economic Integration
(1,932 words)

A region is economically integrated when the "law of one price" applies within it: i.e. only when there is a price correlation between regional commodity markets through trade ("shallow integration"), which can be deepened by the integration of factor markets (migration, direct investment, etc.) ("deep integration"). In the lat…

Cite this page
Herrmann-Pillath, Carsten, “Economic Integration”, in: Brill’s Encyclopedia of China, Managing Editor English Edition: Daniel Leese. Consulted online on 18 November 2017
First published online: 2008
First print edition: ISBN: 9789004168633, 20121018



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