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Chapter 5 Regional Economic Integration区域经济一体化 Lesson 1 Summary of Regional Economic Integration 区域经济一体化概述 1. The Meaning and Development of Regional Economic Integration 区域经济一体化的含义和发展 1.1 Definition定义 Regional economic integration is two or more countries in the same geographic area to integrate into a supranational entirety with highly coordinative economy and trade. To safeguard their common economic and political interests, those countries pursue long-term and steady supranational economical regulation in the ways of signing certain treaty or agreement between governments, taking common economy and trade policies and even founding joint organization under each government’s authorization. 2. Main Forms and Features of Regional Economic Integration区域经济一体化的主要形式及特征 2.1 Divided by scope of integration 2.1.1 Departmental Integration 部门一体化 It refers to the integration of one or several departments of the member countries in the union, such as European Coal and Steel Community formed on 25th July, 1952 and European Atomic Energy Community formed on 1st Jan, 1958. 2.1.2 Overall Integration 全盘一体化 It implies that all the economic departments of member countries are integrated, such as CMEA (Council of Mutual Economic Assistance) founded by the Soviet Union and Eastern European countries and disbanded in 1991. 2.2 Divided by economic development level of member countries 2.2.1 Horizontal Integration水平一体化 It refers to the integration of countries with similar or close level of economic development. Out of the practice and development of regional economic integration, most of existing unions are in such form, such as European Union and ASEAN Free Trade Area. 2.2.2 Vertical Integration垂直一体化 It refers to the integration of countries with different level of economic development, such as North American Free Trade Agreement. 2.3 Divided degree of regional economic integration and removal of trade barriers 2.3.1 Preferential Trade Arrangement优惠贸
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