Historical Perspective Of OECS Economic Integration Over The Past 10 Years July, 1992 6398Bopt.pdf

This paper examines the theoretical basis for integration and presents the objectives and functions of the OECS secretariats with respect to regi onal integration. Describes developments in OECS regional integration over the period 1982-1991 and traces chronological stages in the process. Analyses the impact of the integration movement on growth and development of the OECS as a sub-region. concludes that regional economic integration provides the most powerful means of overcoming the economic disadvantages of small size from which all OECS economies s uffer. Fear and resistance to regional economic integration cont inues because of a lack of knowledge of some of its beneficial effects.