FULLY SOLVED BOOK LASY 5 YEARS PAPERS SOLVED PLUS GUESS

Regional Economic Blocks


UNIT-I
Concept, Rationale and objectives of Economic Integration, Levels of economic integration, Impact of Economic
Integration, Customs Union: Features, Theory of Customs Union, Partial Equilibrium approach to Customs
Union, Assumptions of approach, Effects of Customs Union. General Equilibrium Approach: Lipsey model and
Vanek model.
UNIT-II
Regionalism in the World Economy, Economic Integration among developing countries: Rationale, benefits,
problems of economic integration, measures to encourage EI among developing countries, Evaluation of RIA's.
UNIT-III
South - South Cooperation: Problems facing the south, Scope of ECDC (Economic cooperation among developing
countries), Rationale, SSC (South- South Cooperation): Efforts, progress, problems, India's role in SSC. India and
Regional Cooperation, SAARC: Objectives and principles, SAARC nations, potential areas of Cooperation,
problems of SAARC nations, SAPTA, INDO - LANKA FTA, INDO - SINGAPORE CECA (Comprehensive
Economic Cooperation Agreement).
UNIT-IV
Major Regional Trading Groups: EU; NAFTA; REI in America's: CARICOM, MERCOSUR, CAN; Regional
economic integration in ASIA - ASEAN, APEC; Regional economic integration in AFRICA: African Union;
BRICS. Commodity agreements and OPEC nations. Role of WTO, WTO provisions on regional integration
arrangements