How Regional Blocs Affect Excluded Countries PDF Download
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Author: Won Chang
Publisher: World Bank Publications
ISBN:
Category : Commercial products
Languages : en
Pages : 64
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Book Description
Price data on exports to Brazil from countries excluded from MERCOSUR show that preferential trading agreements hurt nonmember countries by compelling them to reduce their prices to meet competition from suppliers within the regional trading bloc.
Author: Won Chang
Publisher: World Bank Publications
ISBN:
Category : Commercial products
Languages : en
Pages : 64
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Book Description
Price data on exports to Brazil from countries excluded from MERCOSUR show that preferential trading agreements hurt nonmember countries by compelling them to reduce their prices to meet competition from suppliers within the regional trading bloc.
Author: Jeffrey A. Frankel
Publisher: Peterson Institute
ISBN: 9780881322026
Category : Business & Economics
Languages : en
Pages : 392
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Book Description
Covers trends from 1957 to 1995.
Author: Won Chang
Publisher:
ISBN:
Category :
Languages : en
Pages : 58
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Book Description
Price data on exports to Brazil from countries excluded from MERCOSUR show that preferential trading agreements hurt nonmember countries by compelling them to reduce their prices to meet competition from suppliers within the regional trading bloc.The welfare effects of preferential trading agreements are most directly linked to changes in trade prices - that is, the terms of trade.Chang and Winters use a simple strategic pricing game in segmented markets to measure the effects of MERCOSUR on the pricing of nonmember exports to the regional trading bloc. Working with detailed data on unit values and tariffs, they find that the creation of MERCOSUR is associated with significant declines in the prices of nonmembers' exports to the bloc. These can be explained largely by tariff preferences offered to a country`s partners.Focusing on the Brazilian market (by far the largest in MERCOSUR), they show that nonmembers' export prices to Brazil respond to both most-favorable-nation and preferential tariffs. Preferential tariffs induce reductions in nonmember export prices.This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to understand the effects of regional integration. The authors may be contacted at
[email protected] or l.a.winters @sussex.ac.uk.
Author: Kerry A. Chase
Publisher: University of Michigan Press
ISBN: 047202289X
Category : Political Science
Languages : en
Pages : 327
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Book Description
Global commerce is rapidly organizing around regional trading blocs in North America, Western Europe, Pacific Asia, and elsewhere--with potentially dangerous consequences for the world trading system. Professor Kerry Chase examines how domestic politics has driven the emergence of these trading blocs, arguing that businesses today are more favorably inclined to global trade liberalization than in the past because recent regional trading arrangements have created opportunities to restructure manufacturing more efficiently. Trading Blocs is the first book to systematically demonstrate the theoretical significance of economies of scale in domestic pressure for trading blocs, and thereby build on a growing research agenda in areas of political economy and domestic politics. "Chase has written a superb book that provides us with an innovative and compelling explanation for the development of trading blocs." --Vinod Aggarwal, Director, Berkeley APEC Study Center, University of California, Berkeley Kerry A. Chase is Assistant Professor of Political Science at Tufts University.
Author: Céline Carrère
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
It has been widely argued that, with the decline in trade costs, the importance of distance has declined over time. On the other hand, most gravity models find that the importance of distance on bilateral trade has increased over time. This puzzle is examined here. The paper develops a new measure of the distance of trade (DOT) and shows that the DOT falls over the period 1962-2000 for the average country in the world, with the number of countries with declining DOT about double those with increasing DOT. This implies an increased importance of distance over time. The paper argues that this result can be compatible with declining trade costs. Actually, we show that the decision about what proportion to trade at different distances does not depend on the level of trade costs but on the relative importance of its components. The paper also analyzes the impact on the DOT of other determinants such as regional integration, changes in the geography of growth or in real exchange rates. Finally, the paper provides an empirical analysis of the evolution of the DOT and explains most of its negative trend.
Author: Maurice W. Schiff
Publisher: World Bank Publications
ISBN: 9780821350782
Category : Business & Economics
Languages : en
Pages : 344
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Book Description
This text examines regionalism from the perspective of developing countries. It presents a comprehensive account of existing theory and empirical results and incorporates the findings of formal analyses ofthe politics and dynamics of regionalism.
Author: Helio Jaguaribe
Publisher: Routledge
ISBN: 1135760993
Category : Political Science
Languages : en
Pages : 248
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Book Description
A critical insight into the politics and economics of relations between the EU and Latin America, particularly Mercosul, highlighting the significance of such relations for multilateralism and the international order.
Author: Mikhail Mukhametdinov
Publisher: Springer
ISBN: 3319768255
Category : Political Science
Languages : en
Pages : 237
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Book Description
The book draws comparison between MERCOSUR and the European Union to explain variation of regionalism and to expose its limits. The project is based on the idea that contemporary examples of regionalism should be evaluated against several propositions of multiple integration theories rather than against a single theory. In order to systematically explain why and how integration outcomes in MERCOSUR differ from those in the EU, the author develops an analytical framework for the comparison of the two blocs. MERCOSUR is compared with the EU by the use of the various criteria of economic interdependence, economic convergence, intra-bloc size and interest asymmetries, cultural diversity and geostrategic motivations, which are identified as the salient parameters of integration theories.
Author: Almas Heshmati
Publisher: Springer
ISBN: 3319304321
Category : Business & Economics
Languages : en
Pages : 238
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Book Description
This edited volume focuses on economic integration, currency union, and sustainable and inclusive growth in East Africa. It consists of twelve interrelated studies that provide a comprehensive picture of the state and determinants of economic development and cooperation among countries in East Africa, such as Burundi, Ethiopia, Kenya, Rwanda and Tanzania. The contributions are grouped into five parts: economic integration and its effects on trade; common currency and exchange rate; research, innovation, and knowledge, and shadow economics and corruption; inclusive and sustainable growth; and the conflict-growth nexus and reconstruction. This book will appeal to scholars and decision makers looking for the necessary tools and determinants of economic development and cooperation in East Africa.
Author: Robert Devlin
Publisher: IDB
ISBN: 9781931003308
Category : Business & Economics
Languages : en
Pages : 268
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Book Description
Latin America has been pursuing intense structural reforms since the mid-1980s. The reforms have been a primary instrument for achieving the development goals of stable and higher rates of economic growth, more social equity, and a solid democratic setting. The region has advanced on all three fronts, but much more needs to be done. Bridges for Development explores options to strengthen policies and institutions for deepening structural reforms in all areas of development through trade and integration. Making advances in these areas is critical because the multilateral negotiations in the Doha Development Round are contingent on the complex dynamics of worldwide consensus -- and Latin America's capacity to adequately represent its interests in terms of determining the direction of unilateral policy and regional initiatives. However, as the book points out, it might be said that the easystages of unilateral trade and regional integration are over; the next steps toward consolidation will require countries to redouble their political will to confront difficult challenges as well as to refine policies, build stronger institutional structures to support them, and work better with civil society. The wave of market opening and regionalism in the 1990s has provided new opportunities in these areas.
