Lake, James; Nken, Moïse; Yildiz, Halis Murat - 2019
Trade Agreement (PTA) formation. First, it shapes the nature of forces constraining expansion of Free Trade Agreements (FTAs … played by PTAs in the attainment of global free trade. Initially, tariff binding liberalization leads to Custom Union (CU …) formation in equilibrium but in a way that undermines the pursuit of global free trade. However, further tariff binding …