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Author: Arvind Panagariya Publisher: World Scientific ISBN: 9789810238421 Category : Business & Economics Languages : en Pages : 248
Book Description
Trade diversion and the creation of complicated and discriminatory tariff regimes with increased tariffs for non-member countries - the consequences of PTAs - are likely to undermine the multilateral trading system."--Jacket.
Author: Arvind Panagariya Publisher: World Scientific ISBN: 9789810238421 Category : Business & Economics Languages : en Pages : 248
Book Description
Trade diversion and the creation of complicated and discriminatory tariff regimes with increased tariffs for non-member countries - the consequences of PTAs - are likely to undermine the multilateral trading system."--Jacket.
Author: Jaime Melo de Publisher: World Bank Publications ISBN: 9780821322949 Category : Business & Economics Languages : en Pages : 36
Book Description
Regionalism is once again being viewed as a solution to the major international economic problems of our times. Slow progress of the negotiations at the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) has led some economists to conclude that a division of the world into three trading blocs -- Europe, the Americas, and East Asia, is the fastest road to multilateral free trade. They argue that negotiations for free trade are far more likely to succeed when conducted among three parties rather than among 154. For many countries, the proliferation of nontariff barriers in the industrial world has made regional integration an attractive policy option. However, the experience with South-South integration has been discouraging, and some economists claim that any temptation to promote such schemes in the future should be resisted. As for North-North integration, it has been widely successful in Europe. Intraregional trade expanded greatly, but not at the expense of trade with non-partners, which also grew rapidly. And European integration has greatly diminished, if not eliminated, the possibility of future internal conflicts. Looking to the future, North-South integration holds much promise for developing countries. Regional arrangements of this type can solidify past reforms, guarantee future access to a large market, and stimulate growth via increased direct foreign investment, more intense competition and faster technological diffusion.
Author: Dilip K. Das Publisher: Edward Elgar Publishing ISBN: 9781845421458 Category : Business & Economics Languages : en Pages : 244
Book Description
This comprehensive book addresses one of the most important aspects of international trade, namely, regional trade and regional integration agreements (RIAs). The focus of intense global interest and debate over the last decade, RIAs have become an integr
Author: F. Söderbaum Publisher: Springer ISBN: 1403938792 Category : Business & Economics Languages : en Pages : 271
Book Description
Theories of New Regionalism represents the first systematic attempt to bring together leading theories of new regionalism. Major theorists from around the world develop their own distinctive theoretical perspectives, spanning new regionalism & world order approaches along with regional governance, liberal institutionalism & neoclassical development regionalism, to regional security complex theory (RSCT) and the region-building approach.
Author: Edward D. Mansfield Publisher: Columbia University Press ISBN: 9780231106634 Category : Business & Economics Languages : en Pages : 292
Book Description
Exploring regionalism from a political economic perspective, this text investigates why regional arrangements are formed, the conditions under which these arrangements solidify, and why they take on different institutional forms.
Author: Guido Glania Publisher: CEPS ISBN: 9290796030 Category : Business & Economics Languages : en Pages : 121
Book Description
This new book highlights the multifaceted effects of regional trade agreements and outlines the strategic options for EU trade policy. It points out what is new about this most recent phase of regionalism and analyzes the effects on economic welfare and trade transaction costs. The authors draw upon elements of game theory to explore a self-reinforcing mechanism that is resulting in a potentially damaging race for markets. They focus in particular on the multiple impacts of regionalism on the WTO and the multilateral trading order. The book arrives at an opportune time, as the Doha Round is reaching a critical phase.
Author: V. Aggarwal Publisher: Palgrave Macmillan ISBN: 9781403915108 Category : Political Science Languages : en Pages : 249
Book Description
All is not well in the World Trade Organization. Does a global economy require global institutions? One possible alternative is interregionalism: Economic integration between two distinct regions. This book explores the logic of interregionalism by focusing on the European Union, which has pursued agreements with Latin America, East Asia, and the Southern Mediterranean, among others. Why has the EU pursued this strategy? Based on a novel theoretical framework, the authors in this book explore EU interregionalism to provide us with insight into this new emerging face of the international political economy.
Author: L. Alan Winters Publisher: World Bank Publications ISBN: 9703111149 Category : Languages : en Pages : 76
Book Description
November 1996 Do the forces that regional integration arrangements set up encourage or discourage a trend toward globally freer trade? We don't know yet. The literature on regionalism versus multilateralism is growing as economists and political scientists grapple with the question of whether regional integration arrangements are good or bad for the multilateral system. Are regional integration arrangements building blocks or stumbling blocks, in Jagdish Bhagwati's phrase, or stepping stones toward multilateralism? As economists worry about the ability of the World Trade Organization to maintain the GATT's unsteady yet distinct momentum toward liberalism, and as they contemplate the emergence of world-scale regional integration arrangements (the EU, NAFTA, FTAA, APEC, and, possibly, TAFTA), the question has never been more pressing. Winters switches the focus from the immediate consequences of regionalism for the economic welfare of the integrating partners to the question of whether it sets up forces that encourage or discourage evolution toward globally freer trade. The answer is, We don't know yet. One can build models that suggest either conclusion, but these models are still so abstract that they should be viewed as parables rather than sources of testable predictions. Winters offers conclusions about research strategy as well as about the world we live in. Among the conclusions he reaches: * Since we value multilateralism, we had better work out what it means and, if it means different things to different people, make sure to identify the sense in which we are using the term. * Sector-specific lobbies are a danger if regionalism is permitted because they tend to stop blocs from moving all the way to global free trade. In the presence of lobbies, trade diversion is good politics even if it is bad economics. * Regionalism's direct effect on multilateralism is important, but possibly more so is the indirect effect it has by changing the ways in which groups of countries interact and respond to shocks in the world economy. * Regionalism, by allowing stronger internalization of the gains from trade liberalization, seems likely to facilitate freer trade when it is initially highly restricted. * The possibility of regionalism probably increases the risks of catastrophe in the trading system. The insurance incentives for joining regional arrangements and the existence of shiftable externalities both lead to such a conclusion. So too does the view that regionalism is a means to bring trade partners to the multilateral negotiating table because it is essentially coercive. Using regionalism for this purpose may have been an effective strategy, but it is also risky. This paper - a product of the International Trade Division, International Economics Department - was prepared for a conference on regional integration sponsored by the Centre for Economic Policy Research, La Coru-a, Spain, April 26-27, 1996, and will appear in the conference proceedings.
Author: Arvind Panagariya
Author: Arvind Panagariya
Author: Jaime Melo de
Author: Jaime De Melo
Author: Dilip K. Das
Author: F. Söderbaum
Author: Edward D. Mansfield
Author: Guido Glania
Author: Jaime De Melo
Author: V. Aggarwal
Author: L. Alan Winters