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Integration

In: Business and Management

Submitted By alessandrojose
Words 6125
Pages 25
European School of Economics

Economics of Business and Finance

Lecturer: Rexford Sam

Student: Alessandro J. Nigra

Date: May 29, 2016

Executive Summary

The paper should present and discuss the most relevant old and new trade theories and all its components. Once they are presented, Integration may arise not only as a key concept but as one of the ultimate goals of international trade.
Integration should be described and analysed not only theoretically but with the European case as framework. Finally, the conclusion may be presented showing all the benefits and drawbacks of integration.

Table of contents

Introduction 1
Analysis 2
Conclusion 9
Bibliography 11
Appendix 13

Introduction

The aim of this project is to present, characterize, examine and analyse the nature and sense of the European integration. In order to achieve it some of the most important trade theories will be presented. Not only the classic ones but also some of the more recent ones, which will allow the analysis to fundament and give an accurate background to the idea of integration and all its components. The study should be focalized into the old classical trade theories of Absolute and Comparative Advantages, the Heckscher-Ohlin model and its Samuelson variation. Then, some of the newest classical trade theories such as the New Trade theory and the International Product Life Cycle theory will be discussed. Finally, it will be mentioned one new contemporary trade theory made by Michael Porter´s referring to the national competitive advantages. The main intention of presenting those theories is to have the proper theoretic framework so to develop and explain the case of the European integration among the trade features described. The idea is to describe the notion of integration and some of its main components towards the trade

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