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The book provides a comprehensive and critical analysis of both the theoretical and empirical literature in international economic integration initially inspired by the creation of the European Coal and Steel Community in 1951 and enhanced since the 1960s through the proliferation of regional integration schemes. The focus is on the pure theoretical and technical empirical work in the field, covering all developments in abstract modelling and measurement techniques. In assessing regional integration, the book addresses the issues of customs unions versus free trade areas, customs versus unilateral tariff reduction, regional integration and multilateralism, and estimating the benefits of integrated markets. The new book fully updates and revises the analysis of the author's very well-received The Theory and Measurement of International Economic Integration (1989) to take into account the impact of a further decade of rapid integration around the world. Detailed empirical analysis of the major economic integration schemes themselves can be found in his collection Economic Integration Worldwide (1997).
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