TITLE:
The Global Dimension of the Regional Integration Model (GDRI-Model)
AUTHORS:
Mario Arturo Ruiz Estrada
KEYWORDS:
Global Development Indexes; Regional Integration; Economics Modeling; Intraregional Global Development Index; Regional Integration Stage Index; Economic Development and Domestic System Development
JOURNAL NAME:
Modern Economy,
Vol.4 No.5,
May
31,
2013
ABSTRACT: This research paper presents a new model of
analysis to study the trend of regional integration from a global perspective.
This new model is called the Global Dimension of Regional Integration Model
(GDRI-Model). The rationale for the creation of this model is the necessity to
study regional integration from political, social, economic, and technological
perspectives simultaneously. There are four basic phases in the implementation
of the GDRI-Model. The first phase is the design of the multi-input database
table. The second phase is the measurement of individual Regional Global Development
Indexes (Xi), which include the Regional Global Political
Development Index (X1), Regional Global Social Development Index (X2),
Regional Global Economic Development Index (X3) and Regional Global
Technological Development Index (X4). The third phase is the
measurement of the Regional Global Development (RGD) index. The last phase is
the measurement of Regional Integration Stage (RIS) index. The general
objective of the GDRI-Model is to offer policy-makers and researchers a new
analytical tool to study the evolution and stages of any regional integration
process from a global perspective—based on a group of indexes and graphs. The
GDRI-Model is not intended to be a forecasting model in any case. However, its
application is not limited to the study of a special group of countries or regions.
It is not constrained by issues about the region or the development stages of
any member in a region that is interested in integrating into a single regional
trade bloc. The GDRI-Model, in effect, is a simple and flexible scheme, which
can be applied to any case of regional integration.