European Integration at the Crossroads: A Review Essay on the 50th Anniversary of Bela Balassa'sTheory of Economic Integration
回顾贝拉·巴拉萨50年前《经济一体化理论》一书，指出其超前预见规模经济、不完全竞争等现代文献，并预言货币联盟需政治统一，近期欧债危机印证了这一点。
Bela Balassa's Theory of Economic Integration, published fifty years ago, is a remarkable, yet little known book. This essay reviews developments in the economic literature and in the process of European integration since the book's publication, showing that it was incredibly prescient. It anticipated by more than twenty years the modern literature on economic integration that emphasizes scale economies, imperfect competition, and economic geography. It also predicted that monetary union cannot function properly without political unification, a condition well illustrated by the recent euro-debt crisis that is likely to be a watershed in the history of European integration.