Obstacles To Economic Integration
Obstacles standing as barriers for the development of economic integration include the desire for preservation of the control of tax revenues and licensing by local powers, sometimes requiring decades to pass under the control of supranational bodies. The experience of 1990-2009 has shown radical change in this pattern, as the world has observed the economic success of the European Union. So now no state disputes the benefits of economic integration: the only question is when and how it happens, what exact benefits it may bring to a state, and what kind of negative effects may take place.
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Famous quotes containing the words obstacles, economic and/or integration:
“It is very rare that you meet with obstacles in this world which the humblest man has not faculties to surmount. It is true we may come to a perpendicular precipice, but we need not jump off, nor run our heads against it. A man may jump down his own cellar stairs, or dash his brains out against his chimney, if he is mad.”
—Henry David Thoreau (1817–1862)
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
—Ernest Hemingway (1899–1961)
“The more specific idea of evolution now reached is—a change from an indefinite, incoherent homogeneity to a definite, coherent heterogeneity, accompanying the dissipation of motion and integration of matter.”
—Herbert Spencer (1820–1903)