rba speech, 2005-10-14
These are, of course, not the same, though they arguably lie on a continuum of engagement: it is one thing to co-operate, but to co-ordinate involves, as well as co-operation, a greater degree of commitment to adjust policies, while integration involves, in extremis, a degree of co-operation and commitment sufficient actually to cede sovereignty over one or more arms of policy.
Sentiment: neutral
Topic: mp_economic_activity