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This paper investigates the impact of regional free-trade-area (FTA) agreements on the ability of countries to multilaterally cooperate within an economic environment characterized by trade- flow volatility. We show that the parallel formation of different FTAs leads to a gradual but permanent...
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, finance, credit and trade -- 4. The international value chain myth -- 5. Protectionism is just around the corner! -- 6. An … production, protectionism and earlier episodes of collapsing trade reveal data that contradicts conventional explanations and …
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