| Currently,economic integration has became an irresistible historical trend of the world,Its most obvious manifestation is economic connection among every country and dependence each other are enhancing,especially along with swift and violent development of communication and computer,the whole of world becomes more and more smaller.Trade net,information net and finance net connect economical life of every country more and more closer together.The English word "integration" comes from Latin "integratio",it means "renew". But scholars have different ideas. In general,we think the so-called "Economic integration" is not only an economic developmentprocess,but also an economic development status. As a process,it refers to each country (district) through common and equal consultation to utilize common market,to promote international specialization,develop scope economy,gradually delete production factors (including personnel,capital,technology and system etc.) and barriers for logistics,trade and investment;as a status,it refers to each country (district) economically relies on each others products and production factors realized free movement and optical distribution. Each country (district) develops with mutual benefit.Based on the difference of economic integration,it is divided into six types:special tariff zone,free trade zone,tariff union,common market,currency and economic liaison and complete economic integration.Theoretically,the six types have logic connection. But in reality,each type has no natural connection. Special tariff zone may not be the start of integration and integration can start from trade zone;and integration may not develop along the six types from lower to higher forms,finally end up at complete integration. During development of integration from lower to higher forms,economic running related factors also develop from lower to higher forms,from single way to round ways,from plain to three-dimension. The basis of integration is continues global trade increases,pan-country companies become main drive of economic globalization,their international distribution mode is more easier to use global resources than international trade,and the active usefulness is looming up in strengthening economic globalization.To talk about economic integration,it is mentioned finance integration certainly,because finance integration is one aspect of economic integration. Finance integration is the result of economic integration. The development of finance superstructure must depend on relevant economic basis. Economic integration is deepening and development of finance integration. Economic integration may be completed and consolidated while finance integration is achieved.The initial expression of global economic integration is global economic regionalization and carrying out economic liberalization (trade liberalization andinvestment liberalization),almost all of the international organizations (e.g. International Monetary Fund Organization,World Bank,Asia and Pacific Economic Co-operation Organization,etc),they regard it as targets.trade liberalization and investment liberalization,the main reason is that to suit for the trade of economic globalization. The global integration shows day by day the trend of acceleration and deepening. Each country,developing and developed,are searching cooperation partners,in order to promote domestic economy and greater social development,at the mean time to promote the area development. According to the statistics of World Trade Organization,there are 109 area organization globally,1/3 established within 5 years since 1990. Thus finalized 8th round negotiation of GATT,signed Uruguayan Agreement in 1994. After years of preparation,the World Trade Organization (WTO) started to work in 1995.However,all of us know that the globalization-unified market does not establish yet,except that specific regional unified market (e.g. European Common Market).Economic integration,pass through globalization finances net,ties up together with not only developed countries,b... |
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