Open Regionalism and Trade Liberalization

Open Regionalism and Trade Liberalization PDF

Author: Ross Garnaut

Publisher: Institute of Southeast Asian

Published: 1996

Total Pages: 233

ISBN-13: 9813055456

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Open Regionalism is regional economic co-operation without discrimination against countries outside the region. The concept grew from the experience of rapid growth, and expanding trade and investment across national borders, in East Asia and the Pacific. It became the guiding idea of Asia-Pacific Economic Co-operation. It is now recognized as being the means through which the growing appeal of regional trading arrangements can be reconciled with a flourishing global trade system within the framework of the new World Trade Organization.

Regionalism in Trade Policy

Regionalism in Trade Policy PDF

Author: Arvind Panagariya

Publisher: World Scientific

Published: 1999

Total Pages: 248

ISBN-13: 9789810238421

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Trade diversion and the creation of complicated and discriminatory tariff regimes with increased tariffs for non-member countries - the consequences of PTAs - are likely to undermine the multilateral trading system."--Jacket.

Open Regionalism in a World of Continental Trade Blocs

Open Regionalism in a World of Continental Trade Blocs PDF

Author: Mr.Jeffrey A. Frankel

Publisher: International Monetary Fund

Published: 1998-02-01

Total Pages: 18

ISBN-13: 145184266X

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Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to satisfy the McMillan criterion of not lowering trade volume with outside countries, they have to engage in a dramatic reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of simultaneous continental trade blocs, an open regionalism in which trade blocs undertake relatively modest external liberalization can usually produce Pareto improvement.

Regional Trade Agreements Versus Broad Liberalization

Regional Trade Agreements Versus Broad Liberalization PDF

Author: Mr.Athanasios Vamvakidis

Publisher: International Monetary Fund

Published: 1998-03-01

Total Pages: 35

ISBN-13: 1451845944

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Should a closed economy open its trade to all countries or limit itself to participation in regional trade agreements (RTAs)? Based on time-series evidence for a data set for 1950-92, this paper estimates and compares the growth performance of countries that liberalized broadly and those that joined an RTA. The comparisons show that economies grew faster after broad liberalization, both in the short and long run, but slower after participation in an RTA. Economies also had higher investment shares after broad liberalization, but lower ones after joining an RTA. The policy implications support broad liberalization.

Open Regionalism in Asia Pacific and Latin America

Open Regionalism in Asia Pacific and Latin America PDF

Author: Mikio Kuwayama

Publisher: Santiago, Chile : United Nations Economic Commission for Latin America and the Caribbean, International Trade and Development Finance Division, International Trade Unit

Published: 1999

Total Pages: 80

ISBN-13:

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Both in the Asia Pacific region and in Latin America, considerable confusion surrounds the concept of 'open regionalism' and casts doubt on its relevance for practical purposes. This study surveys the literature on the subject.

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