On the Size and Number of Regional Integration Arrangements PDF Download

Author: Soamiely Andriamananjara
Publisher: World Bank Publications
ISBN:
Category : Comercio internacional
Languages : en
Pages : 42

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Author: Soamiely Andriamananjara
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Will the current wave of regional integration arrangements lead to the world being divided into competing inward-looking trading blocs? Or will it lead to a more open multilateral trading system? Using a multicountry political economy model, and after having shown that global free trade is optimal, I investigate the possibility of achieving it through regionalism. An outsider country considering entering a trading block must weigh the tradeoff between the costs of opening its own market to more foreign competition and the gains from getting better access to the bloc's preferential market. The gain of access is always larger, so an outsider would always want to apply for membership in the existing bloc. If the bloc policy is open membership, its expansion would result in global free trade. But if member countries can accept or reject new members, expansion of the bloc is unlikely to yield global free trade. When deciding whether to accept or reject a new member, an insider compares the gains from getting preferential access to the new member's market with the losses from having to share its original preferential market with the new member. When the bloc is small, the gains are large enough to offset the losses, so insiders are willing to accept new members. As the bloc expands, the insiders' incentive for expanding decreases, eventually to zero. If only one regional integration arrangement were allowed to form, insiders would stop accepting new members when half the world belonged to the bloc. The remaining outsiders would probably form a bloc of their own, which would lead members of the original bloc to increase its size in anticipation of the creation of the second bloc. The threat of regionalism by outsiders would foster larger regional integration arrangements. In this model, the typical subgame perfect equilibrium would be two blocs, one of them containing roughly two-thirds of the world, the other containing roughly one-third. Even if blocs form and merge simultaneously, yielding progressively larger symmetrical blocs, they would fail to converge in a single bloc unless the external tariff were low enough. In other words, global free trade could be achieved through bloc expansion if trading blocs lowered their external tariffs when abolishing their internal tariffs.

Author: Robert Christopher York
Publisher:
ISBN:
Category : Social Science
Languages : en
Pages : 120

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Author: Dean A. DeRosa
Publisher: World Bank Publications
ISBN:
Category : Commercial policy
Languages : en
Pages : 128

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Author: Jaime De Melo
Publisher: Cambridge University Press
ISBN: 9780521556682
Category : Business & Economics
Languages : en
Pages : 508

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This volume considers the implications of revived interest in regional integration for the world trading system.

Author: Walter Mattli
Publisher: Cambridge University Press
ISBN: 9780521635363
Category : Business & Economics
Languages : en
Pages : 220

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Book Description
In the late 1980s regional integration emerged as one of the most important developments in world politics. It is not a new phenomenon, however, and this 1999 book presents an analysis of integration across time, and across regions. Walter Mattli examines projects in nineteenth- and twentieth-century Europe, but also in Latin America, North America and Asia since the 1950s. Using the tools of political economy, he considers why some integration schemes have succeeded while many others have failed; what forces drive the process of integration; and under what circumstances outside countries seek to join. Unlike traditional political science approaches, the book stresses the importance of market forces in determining the outcome of integration; but unlike purely economic analyses, it also highlights the impact of institutional factors. The book will provide students of political science, economics, and European studies with a framework for the study of international cooperation.

Author: Maurice W. Schiff
Publisher: World Bank Publications
ISBN: 9780821350782
Category : Business & Economics
Languages : en
Pages : 344

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This text examines regionalism from the perspective of developing countries. It presents a comprehensive account of existing theory and empirical results and incorporates the findings of formal analyses ofthe politics and dynamics of regionalism.

Author: Dean A. DeRosa
Publisher:
ISBN:
Category : Convenios comerciales
Languages : en
Pages : 118

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Author: Michael Cora
Publisher: Createspace Independent Publishing Platform
ISBN: 9781530852529
Category :
Languages : en
Pages : 278

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Book Description
***The GATT/WTO system has been founded on the fundamental principle of non- discrimation. However, the system has also allowed exceptional cases to this principle through several arrangements. ***The leading examples of these cases are Regional Integration Agreements (RIAs).The concept of regionalization, is associated with the development of the institutional conditions for the shift of goods and production between countries. ***In the center of the regionalization process there is a function of integration groups, which currently are of great importance in the world economy. ***The number, size, and degree of relationships between countries which participate in integration agreements make it an important phenomenon and unique feature of the current phase of globalizationThere are also many different attitudes on the relationship between globalization and regionalism (integration). Some join them, other contradict. ***Regionalism and globalization mutually support themselves in the sense that regionalism is often the stage of globalization.Regionalization may indeed by stimulating the local markets and by creating a competitive environment in the region enhance microeconomic forces necessary for responding to the needs of globalization. However, there are important integration features for the defense against globalization as a process of differentiating and marginalizing some societies. ***In the case of integration we can count on a better protection against volatility of financial markets and against monetary crisis.

Author: Hakan Cora
Publisher: Createspace Independent Publishing Platform
ISBN: 9781530591480
Category :
Languages : en
Pages : 278

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Book Description
The GATT/WTO system has been founded on the fundamental principle of non- discrimation. However, the system has also allowed exceptional cases to this principle through several arrangements. The leading examples of these cases are Regional Integration Agreements (RIAs).The concept of regionalization, is associated with the development of the institutional conditions for the shift of goods and production between countries. In the center of the regionalization process there is a function of integration groups, which currently are of great importance in the world economy. The number, size, and degree of relationships between countries which participate in integration agreements make it an important phenomenon and unique feature of the current phase of globalization There are also many different attitudes on the relationship between globalization and regionalism (integration). Some join them, other contradict. Regionalism and globalization mutually support themselves in the sense that regionalism is often the stage of globalization.Regionalization may indeed by stimulating the local markets and by creating a competitive environment in the region enhance microeconomic forces necessary for responding to the needs of globalization. However, there are important integration features for the defense against globalization as a process of differentiating and marginalizing some societies. In the case of integration we can count on a better protection against volatility of financial markets and against monetary crisis.