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forces might drive them, and what the WTO might do to guide them. Two facts form the point of departure: 1) Regionalism is … multilateralisation of regionalism. The paper presents the political economy logic of trade liberalisation and uses it to structure a … building blocs – whereby offshoring creates a force that encourages the multilateralisation of regionalism. Finally, the paper …
Persistent link: https://www.econbiz.de/10005067492
Economic thinking on regionalism has traditionally focused on the Vinerian question: Would a nation gain from joining a … trade bloc? Since 1991, "Big Think Regionalism" considers the broader question of regionalism’s impact on the world trading … system focusing on two questions: Does spreading regionalism harm world welfare? and Does regionalism help or hinder …
Persistent link: https://www.econbiz.de/10005666948
Using a detailed data set at the tariff line level, we find an emulator effect of multilateralism on subsequent …
Persistent link: https://www.econbiz.de/10008468716
Plurilateral agreements in the WTO context allow sub-sets of countries to agree to commitments in specific policy areas that only apply to signatories, and thus allow for ‘variable geometry’ in the WTO. Current WTO rules make it much more difficult to pursue the plurilateral route than to...
Persistent link: https://www.econbiz.de/10011084054
This study provides a quantitative assessment of the implications of preferential trade liberalization by the North Atlantic economies. Emphasis is placed on the pattern of production and trade in North America and Western Europe, the pattern of import protection, and the likely trade and income...
Persistent link: https://www.econbiz.de/10005504458
of regionalism and of worldwide democratization since the late 1980s. …
Persistent link: https://www.econbiz.de/10011083505
liberalization occurred, why trade liberalization took the form of reciprocity combined with multilateralism, why the liberalization …
Persistent link: https://www.econbiz.de/10005067625
We study the implications of customs union formation for multilateral tariff cooperation. We model cooperation in multilateral trade policy as self-enforcing, in that it involves balancing the current gains from deviating unilaterally from an agreed-upon trade policy against the future losses...
Persistent link: https://www.econbiz.de/10005656190
is that multilateralism is too cumbersome for contemporary trade issues. This paper proposes a very different answer …. Recent regionalism is caused by two idiosyncratic events multiplied by a domino effect. The triggering events <196> the US … by larger regional trading blocs. In the meantime regionalism appears to spread like wildfire. …
Persistent link: https://www.econbiz.de/10005661533
The Asian countries are once again focused on options for large, comprehensive regional integration schemes. In this paper we explore the implications of such broad-based regional trade initiatives in Asia, highlighting the bridging of the East and South Asian economies. We place emphasis on the...
Persistent link: https://www.econbiz.de/10005666767