Trading Blocs
Trading Blocs

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.

Trading Blocs and Welfare
Trading Blocs and Welfare

Author: R. Scott Hacker

Publisher: International Monetary Fund

Published: 1998-06

Total Pages: 32

ISBN-13:

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With the ever-expanding and newly emerging economic unions of today, it is becoming even more important to analyze the implications of new entrants on the welfare of the existing union members. In recent years, there has been a great push toward regionalism as is evident from the successes of European Union (EU), North American Free Trade Agreement (NAFTA), and Asia Pacific Economic Cooperation (APEC). Baldwin (1993) attributes this increased interest to a domino theory of regional trading blocs.1 A question arises as to how production, prices, and income of the existing members are affected as a result of the expansion of the bloc. In addition, does it matter if the existing member is large or small?

The Political Importance of Regional Trading Blocs
The Political Importance of Regional Trading Blocs

Author: Bart Kerremans

Publisher: Routledge

Published: 2018-02-06

Total Pages: 376

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.

Economic Theory and Policy for Trading Blocks
Economic Theory and Policy for Trading Blocks

Author: C. J. Bliss

Publisher: Manchester University Press

Published: 1994

Total Pages: 170

ISBN-13: 9780719040184

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The world economy is commonly seen as becoming divided into trading blocks, in North America, Europe and elsewhere, and there is concern that this will result in the breakdown of liberal trade. This book examines these ideas critically, and considers and extends the economic theory of trading blocks and its implications for policy. The book examines in detail the relationship between exchange rate stabilization, exchange rate variability and trade, and looks at the theoretical and practical issues which the European Monetary System has thrown up. Other issues covered include the consequences for trade and welfare of large imperfectly competitive producers within and outside a block, capital and labour migration, regional policy, subsidy rules, employment rules and environmental standards.

Trading Blocs
Trading Blocs

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.