Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to … reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of …

favorable nor unfavorable implication for world trade; instead the balance of trade-creating and trade-diverting effects …

This paper develops a theoretical framework to study the interaction between globalization and political structure. We … early stages, the political response to globalization consists of removing borders by increasing country size. In its later … stages, however, the political response to globalization is to remove borders by creating international unions, and this …

,' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars … over the last two decades, but it was still, in 1990, only about 7 percent of world output. The share was higher, at 15 …

formal quantitative analysis. We begin with studies of the Dutch Republic, England, the U.S., France, Germany and Japan that … that the growth and increasing globalization of these economies might indeed have been 'finance-led.' …