Mobility

Institutional Design Of Regional Integration: Balancing Delegation And Representation

Date Added: Nov 2010
Format: PDF

Regional economic integration is both a deregulatory project, involving the removal of barriers to the movement of goods and services, as well as a re-regulatory project, involving the adoption of common economic, social, and environmental standards to enable the market to function. The removal of trade barriers can be achieved by bilateral or multilateral agreements. However, the adoption of common rules requires the delegation of agenda-setting and enforcement to a supranational body to resolve policy coordination problems and enable states to credibly commit to implement market integration.