This article contributes a counter-example to the discussion about the negative effects of regionalism on the multilateral trading order. The article analyses the General Agreement on Tariffs and Trade (GATT) negotiations during the Uruguay Round and shows that France was induced to accept a...

Studies often conclude that the proposed Southern African Development Community monetary union would be disastrous and not optimal for all member countries. This is because of the observed low, and sometimes negative business cycle correlation amongst member countries. However, it has been...