An Alternative Regional Integration Scheme to Integrate Middle and Low Income Countries: The Regional Cooperative Scheme Theoretical Framework (RC-Scheme)
Econographication Virtual Laboratory (EVL), Forthcoming
21 Pages Posted: 21 Oct 2009 Last revised: 10 Jan 2010
Date Written: October 20, 2009
This paper presents an alternative regional integration approach to join less developed countries and developing countries into a single trade bloc. According to our research the free trade is not enough to generate successful regional integration between less developed countries and developing countries according to our research. Therefore, we are interested to propose the regional cooperative scheme theoretical framework as an alternative regional integration scheme to implement among this type of countries.
Keywords: Regional integration, free trade, economic cooperation
JEL Classification: F15
Suggested Citation: Suggested Citation