Harilal, K.N. - In: Millennial Asia 3 (2012) 1, pp. 1-22
Multilateralism and regionalism are seen as forces that pull the world apart in opposing directions. But, the incentive structure of the new generation PTAs, as they are mostly FTAs, is loaded in favour of freer trade. In FTAs members are free to enter into PTAs with third countries. They also...