Date of Award

1972

Degree Name

Economics

College

College of Business

Type of Degree

M.A.

Document Type

Thesis

First Advisor

Ramchandra G. Akkihal

Abstract

A customs union is a movement toward economic integration which can be defined, in an absolute sense, as complete factor-price equalization. A customs union consists of a group of countries which have abolished all tariffs between themselves; but maintain an equal; arbitrated tariff among the countries of the outside world. A customs union is only one of several types of organizations which allow discrimination against the excluded countries. These trade groups can be differentiated by the degree of economic integration among its members and their policy toward the rest of world countries, the countries excluded from the trade organization.

Subject(s)

Customs unions.

International economic relations.

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