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Feedback mechanisms are the key to sequencing when it comes to regional integration. Feedback mechanisms can mean that today’s policy or institution alters the political economy landscape in a way that makes it politically optimal for future governments to take further steps towards...
Persistent link: https://www.econbiz.de/10008468652
Using a detailed data set at the tariff line level, we find an emulator effect of multilateralism on subsequent regional trade agreements involving the US. We exploit the variation in the frequency with which the US has granted immediate duty free access (IDA) to its Free Trade Area partners...
Persistent link: https://www.econbiz.de/10008468716
This paper explores the relationship between preferential and multilateral trade liberalization at the sectoral level using a unique dataset that includes data on most favored nation (MFN) and bilateral preferential tariffs at the 4-digit ISIC level for 11 Latin American countries over the...
Persistent link: https://www.econbiz.de/10008468988
This paper reviews the theoretical and the empirical literature on regionalism. The formation of regional trade …. There are also several aspects of regionalism that have received too little attention from researchers, but which are …
Persistent link: https://www.econbiz.de/10008476310
Are there systematic forces such that countries of different sizes participating in a free trade bloc gain differently from the entry of new members? If economies of scale imply that firms located in large countries enjoy lower costs, then the gains from enlarging the bloc will fall...
Persistent link: https://www.econbiz.de/10005124172
This paper uses a model of horizontal multinational enterprises to explore the relationship between transportation costs and trade policy cooperation. Tariffs have the effect of attracting foreign direct investment to the benefit of consumers in the host country. As transport costs fall, the...
Persistent link: https://www.econbiz.de/10005062652
Cross-regionalism is a new fashion in preferential trading whereby countries, large or small, participate …
Persistent link: https://www.econbiz.de/10005062836
forces might drive them, and what the WTO might do to guide them. Two facts form the point of departure: 1) Regionalism is … multilateralisation of regionalism. The paper presents the political economy logic of trade liberalisation and uses it to structure a … building blocs – whereby offshoring creates a force that encourages the multilateralisation of regionalism. Finally, the paper …
Persistent link: https://www.econbiz.de/10005067492
This Paper presents a survey of the literature on trade liberalization and globalization. The questions are why trade liberalization occurred, why trade liberalization took the form of reciprocity combined with multilateralism, why the liberalization allows for protectionist policies, and why...
Persistent link: https://www.econbiz.de/10005067625
Globalization, multilateralism and regionalism are the most significant tendencies of today's world economy. Their …, multilateralism and regionalism has, however, changed markedly. Subsequently, their mutual relations have changed as well. Based upon … the study of New Regionalism, which leads towards more complex and open trade agreements, it seems that multilateralism …
Persistent link: https://www.econbiz.de/10005036316