Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

Laszlo Csaba

Abstract

The general theory of regional economic integration draws heavily on the experience of market integration within the European communities. This one-sidedness has become conspicuous for developing countries, when living under fundamentally different historical, social and also economic conditions, they attempted at forming integrational groupings of their own, relying on these generally accepted theses. Especially Latin-American and African states had to learn from their own bitter experience, that. interrelationships which might work among advanced European market economies lead to fundamentally different results when applied directly to ,a group of economies, that are at present at a different stage of development, and face radically different tasks from the ones that were to be promoted by the Treaty of Rome.

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