The Economic and Political Implications of a Customs Union

Abstract

Meaning of the concept, 362. — Advantages of a customs union, 364. — Implications for public policy, 365. — Price policy, 366. — Internal monetary policy, 368. — Wages and labor legislation, 369. — Taxation policy, 369. — International trade, 370. — External monetary policy, 371. — Employment policy, 371. — Trusts and cartels, 372, — Nationalization and management of nationalized industries, 372. — Relations with colonies and other overseas territories, 374. — Method of realizing identity of policy, 376. — The prospects, 379.