This volume of contributions from some of the world's best-known international trade economists explores and analyzes the various aspects of commercial policy in a way that standard texts in international economics do not.

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 :...