Trading Blocs

Trading Blocs PDF

Author: Jagdish N. Bhagwati

Publisher: MIT Press

Published: 1999

Total Pages: 626

ISBN-13: 9780262024501

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The recent proliferation of free trade areas and customs unions in the world trading system has led to a revival of interest in the economic analysis of Preferential Trade Agreements (PTAs). The principal theoretical question of the 1950s and 1960s (Viner) was whether PTAs encourage or discourage the worldwide nondiscriminatory freeing of trade. The essays in this volume present the central contributions to the analytical approaches developed to examine these questions. -- Provided by publisher.

Trade Blocs

Trade Blocs PDF

Author:

Publisher: World Bank Publications

Published: 2000

Total Pages: 162

ISBN-13: 9780195211283

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An examination of recent trends and shifts in trade policies, this study looks at the seemingly contradictory movements toward regionalism and integration.

Trading Blocs

Trading Blocs PDF

Author: Kerry A. Chase

Publisher: University of Michigan Press

Published: 2009-09-08

Total Pages: 327

ISBN-13: 047202289X

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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.

Trading Blocs and Welfare

Trading Blocs and Welfare PDF

Author: Mr.Qaizar Hussain

Publisher: International Monetary Fund

Published: 1998-06-01

Total Pages: 26

ISBN-13: 1451850611

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This paper uses the three-country duopoly model to examine the effects of lowered trade barriers when a new entrant joins a trading bloc. There are two firms—a small-country firm and a large-country firm within the bloc—and three markets—two within and one (new entrant’s) outside the bloc. The analysis generally shows greater gains for the small-country than for the large-country firm. The small-country firm will export more to the external country than the large-country firm. But if tariffs decline, the export share of the large-country firm will increase relative to the small-country firm’s, though profits will improve more for the latter.

The Political Importance of Regional Trading Blocs

The Political Importance of Regional Trading Blocs PDF

Author: Bart Kerremans

Publisher: Routledge

Published: 2018-02-06

Total Pages: 288

ISBN-13: 135173220X

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This title was first published in 2000. This text addresses concerns about regional trade agreements. From a variety of political and economic angles, it explains the emergence of trade blocs, their internal policies and politics, and their effects on global trade. It does not provide sequential descriptions and analyses of each of the world's major trading blocs. The focus here is on a number of causal factors that help explain the emergence of trading blocs and the development of their relations to and effects on the multilateral trading system. In each chapter, attempts have been made to draw theoretical and case-based generalizations that may apply to other trade blocs than the used in the empirical analyses.

Trading Blocs, U.s. Exports, And World Trade

Trading Blocs, U.s. Exports, And World Trade PDF

Author: Penelope Hartland-thunberg

Publisher: Routledge

Published: 2019-09-18

Total Pages: 139

ISBN-13: 1000009262

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This book points out that although the total trade volume of the blocs that involve less-developed countries (LDCs) has increased, this is due at least as much to a particular bloc-member's economic growth as it is a result of the trading bloc.

Preferential Trade Agreement Policies for Development

Preferential Trade Agreement Policies for Development PDF

Author: Jean-Pierre Chauffour

Publisher: World Bank Publications

Published: 2011-06-22

Total Pages: 537

ISBN-13: 0821386433

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The Handbook offers an introduction to the key elements of Preferential Trade Agreements (PTAs), addressing the practical economic and legal aspects of the regulatory policies in PTAs.

Termites in the Trading System

Termites in the Trading System PDF

Author: Jagdish Bhagwati

Publisher: Oxford University Press

Published: 2008-07-14

Total Pages: 160

ISBN-13: 0199715904

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Jagdish Bhagwati, the internationally renowned economist who uniquely combines a reputation as the leading scholar of international trade with a substantial presence in public policy on the important issues of the day, shines here a critical light on Preferential Trade Agreements, revealing how the rapid spread of PTAs endangers the world trading system. Numbering by now well over 300, and rapidly increasing, these preferential trade agreements, many taking the form of Free Trade Agreements, have re-created the unhappy situation of the 1930s, when world trade was undermined by discriminatory practices. Whereas this was the result of protectionism in those days, ironically it is a result of misdirected pursuit of free trade via PTAs today. The world trading system is at risk again, the author argues, and the danger is palpable. Writing with his customary wit, panache and elegance, Bhagwati documents the growth of these PTAs, the reasons for their proliferation, and their deplorable consequences which include the near-destruction of the non-discrimination which was at the heart of the postwar trade architecture and its replacement by what he has called the spaghetti bowl of a maze of preferences. Bhagwati also documents how PTAs have undermined the prospects for multilateral freeing of trade, serving as stumbling blocks, instead of building blocks, for the objective of reaching multilateral free trade. In short, Bhagwati cogently demonstrates why PTAs are Termites in the Trading System.