Export from a European and a global perspective - Regionalization and globalization

5 important questions on Export from a European and a global perspective - Regionalization and globalization

What is the explanation of the relatively rapid development of the Alpine area?

  • Easily accessible (central position in Europe)
  • Relatively cheap (far from competing centres)

What does the Williamson thesis imply?

It implies that economic differences between regions increase when there is a general rise in income.

What tools does the convergence policy of the EU give support in order to minimize regional differences?

  1. Hermin: shortfall in demand and inadequacy of supply (investment in infrastructure)
  2. Quest II: in respect of the supply side of the economy only (subsidies for investment and R&D)
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What does export ratio mean?

Value of exports in relation to gross domestic product.

What was one of the goals of the formation of the EU?

To diminish the economic differences between it's member states by trade and mutual interdependence. Unfortunately the differences remained.

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