Problem
Imbalances in the distribution of the costs and benefits of economic integration
Nature:
Integration schemes have the tendency to favour the more advanced members of a grouping who benefit from the liberalization of trade and the expansion of their markets, while the less advanced members of a grouping tend to gain less, unless the scheme provides for structural changes in the latter countries. It is generally true that the special problems facing the less advanced countries include not only the smallness of their markets, but more particularly the absence of supplies exportable to the other partners of their grouping.
Broader Problems:
Sectoral imbalancesLack of international cooperationImbalance in economic relationships among countriesFaltering structural adjustment in the world economy Subject(s):
Commerce → Purchasing, supplyingEconomics → Economic
Principles → Values
Societal Problems → Imbalances
Transportation, Telecommunications → Distribution
Related UN Sustainable Development Goals:
Problem Type:
D: Detailed problems Date of last update
04.10.2020 – 22:48 CEST