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Deep integration |
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Deep integrationRefers to economic integration that goes well beyond removal of formal barriers to trade and includes various ways of reducing the international burden of differing national regulations, such as mutual recognition and harmonization. Contrasts with shallow integration.Similar MatchesEconomic integrationEconomic integrationSee integration. Backward integrationBackward integrationAcquisition by a firm of its suppliers. Horizontal integrationHorizontal integrationProduction of different varieties of the same product, or different products at the same level of processing, within a single firm. This may, but need not, take place in subsidiaries in different countries. Shallow integrationShallow integrationReduction or elimination of tariffs, quotas, and other barriers to trade in goods at the border, such as trade-limiting customs procedures. Contrasts with deep integration. IntegrationIntegrationEconomic integration refers to reducing barriers among countries to transactions and to movements of goods, capital, and labor, including harmonization of laws, regulations, and standards. Common forms include FTAs, customs unions, and common markets. Sometimes classified as shallow integration vs. deep integration. Further SuggestionsForward integrationTrade integration Vertical integration Disintegration Economies of vertical integration |
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