This book investigates the multifaceted impacts of increasing economic integration on the global economy. It delves into the consequences of globalization and regionalism for world trade, production processes, and domestic economies, examining the necessary economic adjustments related to factor mobility and relative costs. The work explores the interplay between global and regional integration, analyzing their effects on global trade, production relocation, structural changes, and the international transmission of economic shocks.

This book is presented as an invaluable guide for understanding the effects of the interaction between globalization and regional integration. It aims to provide insights for both academic study and policy-making by assessing the changes in the world economy due to increased integration. The collection of contributions from academics and professionals suggests a comprehensive overview of the subject matter. The book is positioned to inform readers about the complex dynamics shaping international economic relations.