McGowan, Richard A.; Mahon, John F. - In: Management and Marketing Journal 5 (2007) 1, pp. 39-54
After World War II and up until the 1980’s, the liberalization of trade was realized on a multilateral basis. World trade grew at twice the pace of GDP growth (Krueger, 1999). However, starting in the mid 1980’s, preferential trading arrangements (PTAs) increased in numbers. Perhaps the most...