Brill’s Encyclopedia of China

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Economic Integration
(1,932 words)

A region is economically integrated when the "law of one price" applies within it: i.e. only when there is a price correlation between regional commodity markets through trade ("shallow integration"), which can be deepened by the integration of factor markets (migration, direct investment, etc.) ("deep integration"). In the latter cas…

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Herrmann-Pillath, Carsten, “Economic Integration”, in: Brill’s Encyclopedia of China, Managing Editor English Edition: Daniel Leese. Consulted online on 22 February 2024 <>
First published online: 2008
First print edition: ISBN: 9789004168633, 20121018

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