Regional Trading Blocs in the World Economic System
Author: Jeffrey A. Frankel
Publisher: Peterson Institute
Published: 1997
Total Pages: 392
ISBN-13: 9780881322026
DOWNLOAD EBOOKCovers trends from 1957 to 1995.
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Trading Blocs
Author: Jagdish N. Bhagwati
Publisher: MIT Press
Published: 1999
Total Pages: 626
ISBN-13: 9780262024501
DOWNLOAD EBOOKThe 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.
The Regionalization of the World Economy
Author: Jeffrey A. Frankel
Publisher: University of Chicago Press
Published: 2007-12-01
Total Pages: 295
ISBN-13: 0226260224
DOWNLOAD EBOOKRegional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalization has some economists optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade. Including both empirical and theoretical studies, this volume addresses several important questions: Why do countries adopt FTAs and other regional trading arrangements? To what extent have existing regional arrangements actually affected patterns of trade? What are the welfare effects of such arrangements? Several chapters explore the economic effects of regional arrangements on patterns of trade, either on price differentials or via the gravity model on bilateral trade flows. In addition, this book examines the theoretical foundation of the gravity model. Making extensive use of the gravity model of bilateral trade, several chapters explore the economic effects of regional arrangements. In addition, this book examines the theoretical foundation of the gravity model.
International Trade
Author: Nigel Grimwade
Publisher: Routledge
Published: 2003-09-02
Total Pages: 448
ISBN-13: 1134731116
DOWNLOAD EBOOKFirst Published in 1967. Routledge is an imprint of Taylor & Francis, an informa company.
Trading Blocs
Author: Kerry A. Chase
Publisher: University of Michigan Press
Published: 2009-09-08
Total Pages: 327
ISBN-13: 047202289X
DOWNLOAD EBOOKGlobal 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.
Economic Consequences of the Size of Nations
Author: E. Robinson
Publisher: Springer
Published: 1960-01-15
Total Pages: 460
ISBN-13: 1349152102
DOWNLOAD EBOOKRegionalism in Trade Policy
Author: Arvind Panagariya
Publisher: World Scientific
Published: 1999
Total Pages: 248
ISBN-13: 9789810238421
DOWNLOAD EBOOKTrade 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.
Economic Theory and Policy for Trading Blocks
Author: C. J. Bliss
Publisher: Manchester University Press
Published: 1994
Total Pages: 170
ISBN-13: 9780719040184
DOWNLOAD EBOOKThe 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.
Termites in the Trading System
Author: Jagdish Bhagwati
Publisher: Oxford University Press
Published: 2008-07-14
Total Pages: 160
ISBN-13: 0199715904
DOWNLOAD EBOOKJagdish 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.
The Gravity Model in International Trade
Author: Peter A. G. van Bergeijk
Publisher: Cambridge University Press
Published: 2010-06-10
Total Pages: 373
ISBN-13: 1139488287
DOWNLOAD EBOOKHow do borders affect trade? Are cultural and institutional differences important for trade? Is environmental policy relevant to trade? How does one's income or wage relate to the fact that trade partners are nearby or far away? These are just some of the important questions that can be answered using the gravity model of international trade. This model predicts and explains bilateral trade flows in terms of the economic size and distance between trading partners (e.g. states, regions, countries, trading blocs). In recent years, there has been a surge of interest in this model and it is now one of the most widely applied tools in applied international economics. This book traces the history of the gravity model and takes stock of recent methodological and theoretical advances, including new approximations for multilateral trade resistance, insightful analyses of the measurement of economic distance and analyses of foreign direct investment.
