New dimensions in regional integration / edited by Jaime de Melo and Arvind Panagariya.

Format:

Book

Contributor:

De Melo, Jaime, editor.

Panagariya, Arvind, editor.

World Bank, issuing body.

Centre for Economic Policy Research (Great Britain), issuing body.

Language:

English

Subjects (All):

International economic integration--Congresses.

International economic integration.

Regionalism--Congresses.

Regionalism.

Commercial policy--Congresses.

Commercial policy.

Free trade--Congresses.

Free trade.

International economic integration--Case studies--Congresses.

Physical Description:

1 online resource (xxviii, 473 pages) : digital, PDF file(s).

Place of Publication:

Cambridge : Cambridge University Press, 1993.

Language Note:

English

Summary:

Interest in regional integration has recently revived in both developed and developing countries. The US has responded to the lack of progress in the Uruguay Round of the GATT by pursuing bilateral trade negotiations, while developing countries have been prompted to re-evaluate the potential benefits of regional integration. The tendency for the world trading system to divide into three blocs - the European Community, the Americas and East Asia - is providing their members with guaranteed access to large markets; however, poor non-member countries will suffer from the loss of access and the risk of trade wars is increased. In this book leading international experts assess the renewed attractiveness of regional integration to individual countries, the types of integration that are suitable to various circumstances, the conditions necessary to their success, and the relationship of regionalism to multilateral free trade.

Contents:

Foreword / Richard Portes and Lawrence Summers

1. Introduction / Jaime de Melo and Arvind Panagariya

1. Regionalism and (versus?) multilateralism

2. experience with regional integration

3. new regionalism and new initiatives

4. Concluding remarks: the new regionalism and smaller countries

2. Regionalism and multilateralism: an overview / Jagdish Bhagwati

Discussion / Robert Baldwin and Richard Blackhurst

3. Regionalism versus multilateralism: analytical notes / Paul Krugman

1. narrow economics of trading blocs

2. Modelling trade policy

3. Negotiation and protection

4. Regionalism, multilateralism, and bargaining

5. Summary conclusions

Appendix: A basic trading-bloc model

Discussion / Ronald Jones and T.N. Srinivasan

4. Multilateral and bilateral trade policies in the world trading system: an historical perspective / Douglas A. Irwin

1. Introduction

2. origins of European trade liberalisation

3. 19th-century open trading regime

4. interwar trade policy experience

5. Trade liberalisation in historical perspective

Discussion / Barry Eichengreen and Mancur Olson

5. GATT's influence on regional arrangements / J. Michael Finger

1. GATT provisions for regional arrangements

2. Overall applications

3. European Economic Community (EEC)

4. Developing countries in regional arrangements

5. Conclusions and policy applications

Discussion / Jean Baneth and Robert Hudec

6. new regionalism: a country perspective / Jaime de Melo, Arvind Panagariya and Dani Rodrik

2. Welfare economics of FTAs

3. Institutional dimensions of RI

4. Growth effects of RI schemes

5. Conclusions

Discussion / Ronald Findlay and Constantine Michalopoulos

7. European Community: a case of successful integration? / L. Alan Winters

2. Measures of success: inward- versus outward-looking integration

3. Managed liberalism: enlargement and preferences

4. Beyond th

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references and index.

ISBN:

0-511-62851-X