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Author: Guido Glania
Publisher: CEPS
ISBN: 9290796030
Category : Business & Economics
Languages : en
Pages : 121
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Book Description
This new book highlights the multifaceted effects of regional trade agreements and outlines the strategic options for EU trade policy. It points out what is new about this most recent phase of regionalism and analyzes the effects on economic welfare and trade transaction costs. The authors draw upon elements of game theory to explore a self-reinforcing mechanism that is resulting in a potentially damaging race for markets. They focus in particular on the multiple impacts of regionalism on the WTO and the multilateral trading order. The book arrives at an opportune time, as the Doha Round is reaching a critical phase.
Author: Guido Glania
Publisher: CEPS
ISBN: 9290796030
Category : Business & Economics
Languages : en
Pages : 121
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Book Description
This new book highlights the multifaceted effects of regional trade agreements and outlines the strategic options for EU trade policy. It points out what is new about this most recent phase of regionalism and analyzes the effects on economic welfare and trade transaction costs. The authors draw upon elements of game theory to explore a self-reinforcing mechanism that is resulting in a potentially damaging race for markets. They focus in particular on the multiple impacts of regionalism on the WTO and the multilateral trading order. The book arrives at an opportune time, as the Doha Round is reaching a critical phase.
Author: Jaime De Melo
Publisher: Cambridge University Press
ISBN: 9780521556682
Category : Business & Economics
Languages : en
Pages : 508
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Book Description
This volume considers the implications of revived interest in regional integration for the world trading system.
Author: Robert Z. Lawrence
Publisher: Brookings Institution Press
ISBN: 9780815722991
Category : Political Science
Languages : en
Pages : 202
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Book Description
Over the past decade, international economic liberalization has been pursued through both multilateral and regional arrangements. In the Uruguay Round, more than one hundred governments pledged their commitment to greater open trade in goods and services, and established new rules under the enforcement of the World Trade Organization. At the same time, however, many regional arrangements have been negotiated--including the European Union and the North American Free Trade Agreement. Nonetheless, controversy still rages about these arrangements. Are regional arrangements stumbling blocks or, in fact building blocks for a more integrated and successful international economy? In this book, Robert A. Lawrence addresses this question and explains both sides of the debate. A volume of Brookings' Integrating National Economies Series
Author: L. Alan Winters
Publisher: World Bank Publications
ISBN: 9703111149
Category :
Languages : en
Pages : 76
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Book Description
November 1996 Do the forces that regional integration arrangements set up encourage or discourage a trend toward globally freer trade? We don't know yet. The literature on regionalism versus multilateralism is growing as economists and political scientists grapple with the question of whether regional integration arrangements are good or bad for the multilateral system. Are regional integration arrangements building blocks or stumbling blocks, in Jagdish Bhagwati's phrase, or stepping stones toward multilateralism? As economists worry about the ability of the World Trade Organization to maintain the GATT's unsteady yet distinct momentum toward liberalism, and as they contemplate the emergence of world-scale regional integration arrangements (the EU, NAFTA, FTAA, APEC, and, possibly, TAFTA), the question has never been more pressing. Winters switches the focus from the immediate consequences of regionalism for the economic welfare of the integrating partners to the question of whether it sets up forces that encourage or discourage evolution toward globally freer trade. The answer is, We don't know yet. One can build models that suggest either conclusion, but these models are still so abstract that they should be viewed as parables rather than sources of testable predictions. Winters offers conclusions about research strategy as well as about the world we live in. Among the conclusions he reaches: * Since we value multilateralism, we had better work out what it means and, if it means different things to different people, make sure to identify the sense in which we are using the term. * Sector-specific lobbies are a danger if regionalism is permitted because they tend to stop blocs from moving all the way to global free trade. In the presence of lobbies, trade diversion is good politics even if it is bad economics. * Regionalism's direct effect on multilateralism is important, but possibly more so is the indirect effect it has by changing the ways in which groups of countries interact and respond to shocks in the world economy. * Regionalism, by allowing stronger internalization of the gains from trade liberalization, seems likely to facilitate freer trade when it is initially highly restricted. * The possibility of regionalism probably increases the risks of catastrophe in the trading system. The insurance incentives for joining regional arrangements and the existence of shiftable externalities both lead to such a conclusion. So too does the view that regionalism is a means to bring trade partners to the multilateral negotiating table because it is essentially coercive. Using regionalism for this purpose may have been an effective strategy, but it is also risky. This paper - a product of the International Trade Division, International Economics Department - was prepared for a conference on regional integration sponsored by the Centre for Economic Policy Research, La Coru-a, Spain, April 26-27, 1996, and will appear in the conference proceedings.
Author: T. N. Srinivasan
Publisher: Routledge
ISBN: 0429721242
Category : Political Science
Languages : en
Pages : 126
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Book Description
This book provides a historical perspective of the Uruguay Round agreement and focuses on the interaction between the developed and developing countries on matters relating to the global trading system and its disciplines since the founding of General Agreement on Tariffs and Trade.
Author: Riccardo Faini
Publisher: Springer
ISBN: 1349255025
Category : Business & Economics
Languages : en
Pages : 259
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Book Description
The book deals with both the short and the long-run effects of the Uruguay Round: the reduction in the obstacles to trade, the enlargement of the multilateral system, the new institutional framework and the balance between regionalism and multilateralism in world trade relations. Its conclusions are based on theory, political economy and empirical analysis.
Author: Paul Demaret
Publisher: P.I.E-Peter Lang S.A., Editions Scientifiques Internationales
ISBN:
Category : Business & Economics
Languages : en
Pages : 878
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Book Description
Analyses the relationship between regional trade agreements and multilateral trade regulation in the wake of the Uruguay Round held in Liege, October 1996. The first part of the book is devoted to a comparative analysis of the major trade agreements in Europe, the Americas and the Asia Pacific Area. Covers also an emerging new form of inter-regionalism. The second part presents a comparative analysis of the treatment of selected issues under the major regional trade agreements in the world and their relation with existing or emerging multilateral rules. Finally, discusses the extent to which multilateral rules acted as a constraint on regional trade arrangements under the GATT or the new WTO.
Author: Andras Inotai
Publisher: Routledge
ISBN: 1134775423
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
The completion of the Uruguay round promised a new era in international trading relations. However, there remains a wide range of issues which could threaten international trading stability, including regionalisation and regionalism, increased non-tariff forms of protection and the proliferation of unilateral and bilateral trade deals. This work assesses both the immediate impact of the GATT deal and the future of the world trading system. It concludes with an assessment of the long-term possibilities for creating a mutually beneficial world economic system.
Author: Björn Hettne
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 116
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Book Description
Author: Graham Dunkley
Publisher: Zed Books
ISBN: 9781856497695
Category : Business & Economics
Languages : en
Pages : 356
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Book Description
Free trade lies at the heart of the new era of globalization. This is a review of the history of 20th-century trade agreements, tracing what happened to the General Agreement on Tariffs and Trade (GATT) before the USA pushed the world into the Uruguay Round. This renegotiation of the rules of international trade, enshrined in the World Trade Organisation agreements, is now taking free trade much further than ever before. The author examines the benefits and hidden costs of the WTO Agreements, their implications for weaker economies and their likely consequences in terms of environmental protection, labour standards and political sovereignty. Alternatives do exist, he argues, to an over-reliance on free trade. These include managed trade, fair trade and self-reliant trade. He also sets out a series of innovative proposals for reforming the WTO, IMF and World Bank.
