Please read the following article:

http://wvvw.imf.org/external/pubs/ft/fandd/2013/09/Hirata.htm

Yourtask is to critically evaluate this paper and write a brief report. How

you choose to evaluate it is up to you; you can examine it in terms ofthe methodology, motivation, conclusions/results or policy
implications. Use the material and literature pertaining to the section on economic integration in this course to provide guidance for you report.