Regional Trading Blocs in the World Economic System PDF Download
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Author: Jeffrey A. Frankel
Publisher: Peterson Institute
ISBN: 9780881322026
Category : Business & Economics
Languages : en
Pages : 392
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Book Description
Covers trends from 1957 to 1995.
Author: Jeffrey A. Frankel
Publisher: Peterson Institute
ISBN: 9780881322026
Category : Business & Economics
Languages : en
Pages : 392
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Book Description
Covers trends from 1957 to 1995.
Author: Jagdish N. Bhagwati
Publisher: MIT Press
ISBN: 9780262024501
Category : Business & Economics
Languages : en
Pages : 626
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Book Description
The recent proliferation of free trade areas and customs unions in the world trading system has led to a revival of interest in the economic analysis of Preferential Trade Agreements (PTAs). The principal theoretical question of the 1950s and 1960s (Viner) was whether PTAs encourage or discourage the worldwide nondiscriminatory freeing of trade. The essays in this volume present the central contributions to the analytical approaches developed to examine these questions. -- Provided by publisher.
Author: Kerry A. Chase
Publisher: University of Michigan Press
ISBN: 047202289X
Category : Political Science
Languages : en
Pages : 327
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Book Description
Global commerce is rapidly organizing around regional trading blocs in North America, Western Europe, Pacific Asia, and elsewhere--with potentially dangerous consequences for the world trading system. Professor Kerry Chase examines how domestic politics has driven the emergence of these trading blocs, arguing that businesses today are more favorably inclined to global trade liberalization than in the past because recent regional trading arrangements have created opportunities to restructure manufacturing more efficiently. Trading Blocs is the first book to systematically demonstrate the theoretical significance of economies of scale in domestic pressure for trading blocs, and thereby build on a growing research agenda in areas of political economy and domestic politics. "Chase has written a superb book that provides us with an innovative and compelling explanation for the development of trading blocs." --Vinod Aggarwal, Director, Berkeley APEC Study Center, University of California, Berkeley Kerry A. Chase is Assistant Professor of Political Science at Tufts University.
Author: May T. Yeung
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 186
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Book Description
Economists from Canada and Wales trace the relationship between the European Union and the Association of South East Asian Nations, highlighting the current and future position of trade relations. They contrast the organization-to-organization approach of the two with that of other blocs, discuss the institutional and policy changes they need in order to enhance their future trading relationship, and offer insights for other trade organizations.
Author:
Publisher: World Bank Publications
ISBN: 9780195211283
Category : Business & Economics
Languages : en
Pages : 162
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Book Description
An examination of recent trends and shifts in trade policies, this study looks at the seemingly contradictory movements toward regionalism and integration.
Author: Mr.Qaizar Hussain
Publisher: International Monetary Fund
ISBN: 1451850611
Category : Business & Economics
Languages : en
Pages : 26
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Book Description
This paper uses the three-country duopoly model to examine the effects of lowered trade barriers when a new entrant joins a trading bloc. There are two firms—a small-country firm and a large-country firm within the bloc—and three markets—two within and one (new entrant’s) outside the bloc. The analysis generally shows greater gains for the small-country than for the large-country firm. The small-country firm will export more to the external country than the large-country firm. But if tariffs decline, the export share of the large-country firm will increase relative to the small-country firm’s, though profits will improve more for the latter.
Author: Jean-Pierre Chauffour
Publisher: World Bank Publications
ISBN: 0821386433
Category : Business & Economics
Languages : en
Pages : 537
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Book Description
The Handbook offers an introduction to the key elements of Preferential Trade Agreements (PTAs), addressing the practical economic and legal aspects of the regulatory policies in PTAs.
Author: Jagdish Bhagwati
Publisher: Oxford University Press
ISBN: 0199715904
Category : Business & Economics
Languages : en
Pages : 160
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Book Description
Jagdish Bhagwati, the internationally renowned economist who uniquely combines a reputation as the leading scholar of international trade with a substantial presence in public policy on the important issues of the day, shines here a critical light on Preferential Trade Agreements, revealing how the rapid spread of PTAs endangers the world trading system. Numbering by now well over 300, and rapidly increasing, these preferential trade agreements, many taking the form of Free Trade Agreements, have re-created the unhappy situation of the 1930s, when world trade was undermined by discriminatory practices. Whereas this was the result of protectionism in those days, ironically it is a result of misdirected pursuit of free trade via PTAs today. The world trading system is at risk again, the author argues, and the danger is palpable. Writing with his customary wit, panache and elegance, Bhagwati documents the growth of these PTAs, the reasons for their proliferation, and their deplorable consequences which include the near-destruction of the non-discrimination which was at the heart of the postwar trade architecture and its replacement by what he has called the spaghetti bowl of a maze of preferences. Bhagwati also documents how PTAs have undermined the prospects for multilateral freeing of trade, serving as stumbling blocks, instead of building blocks, for the objective of reaching multilateral free trade. In short, Bhagwati cogently demonstrates why PTAs are Termites in the Trading System.
Author: Takatoshi Ito
Publisher: University of Chicago Press
ISBN: 0226387038
Category : Business & Economics
Languages : en
Pages : 432
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Book Description
There is no doubt that the open multilateral trading system after World War II was a key ingredient in the rapid economic development of the entire world. Especially in Hong Kong, Korea, Singapore, and Taiwan, exports increased dramatically both in absolute terms and as a percentage of GNP. In the 1980s, however, preferential trading arrangements (PTAs) began to emerge as significant factors affecting world trade. This volume contains thirteen papers that analyze the tensions between multilateral trading systems and preferential trade arrangements and the impact of these tensions on East Asia. The first four chapters introduce PTAs conceptually and focus on the unique political issues that these agreements involve. The next five essays present more direct empirical analyses of existing PTAs and their economic effects, primarily in East Asia. The last four papers concentrate on the outcomes of individual East Asian nations' trading policies in specific instances of preferential agreements.
Author: Jeffrey A. Frankel
Publisher: University of Chicago Press
ISBN: 0226260224
Category : Business & Economics
Languages : en
Pages : 295
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Book Description
Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalization has some economists optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade. Including both empirical and theoretical studies, this volume addresses several important questions: Why do countries adopt FTAs and other regional trading arrangements? To what extent have existing regional arrangements actually affected patterns of trade? What are the welfare effects of such arrangements? Several chapters explore the economic effects of regional arrangements on patterns of trade, either on price differentials or via the gravity model on bilateral trade flows. In addition, this book examines the theoretical foundation of the gravity model. Making extensive use of the gravity model of bilateral trade, several chapters explore the economic effects of regional arrangements. In addition, this book examines the theoretical foundation of the gravity model.
