1. Introduction and summary -- 2. The theory of preferential trading arrangements : an overview -- 3. Measuring the effects of economic integration -- 4. Effect of EC-92 and NAFTA on developing-country trade flows -- 5. Effects of EC-92 and NAFTA on DFI in Asia -- 6. ASEAN economic cooperation :...

With the spread of regional and bilateral trade arrangements, there is always concern about the discriminatory impact on non-members. For example, the establishment of NAFTA deprived the Caribbean Basin of its preferential status vis-a-vis Mexico in the US market. Or alternatively, the...