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Small State Regional Cooperation, South-South and South-North Migration, and International Trade / Schiff, Maurice
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Schiff, Maurice
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Bargaining power.
- Bloc size.
- Conflict and Development.
- Economic Theory & Research.
- Equilibrium model.
- Health, Nutrition and Population.
- International agreements.
- International arena.
- International Economics and Trade.
- International negotiations.
- International organizations.
- International Trade.
- Macroeconomics and Economic Growth.
- Market access.
- Member countries.
- Member states.
- Negotiation costs.
- Negotiation resources.
- Population Policies.
- Post Conflict Reconstruction.
- Regional bloc.
- Regional bloc formation.
- Regional blocs.
- Regional Cooperation.
- Regional Economic Development.
- Trade Agreement.
- Trade and Regional Integration.
- Trade blocs.
- Trade relationship.
- Local Subjects:
- Bargaining power.
- Bloc size.
- Conflict and Development.
- Economic Theory & Research.
- Equilibrium model.
- Health, Nutrition and Population.
- International agreements.
- International arena.
- International Economics and Trade.
- International negotiations.
- International organizations.
- International Trade.
- Macroeconomics and Economic Growth.
- Market access.
- Member countries.
- Member states.
- Negotiation costs.
- Negotiation resources.
- Population Policies.
- Post Conflict Reconstruction.
- Regional bloc.
- Regional bloc formation.
- Regional blocs.
- Regional Cooperation.
- Regional Economic Development.
- Trade Agreement.
- Trade and Regional Integration.
- Trade blocs.
- Trade relationship.
- Physical Description:
- 1 online resource (20 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2010
- System Details:
- data file
- Summary:
- This paper provides a different basis than previous analyses for regional bloc formation and regional migration. Due to low bargaining power and fixed costs, small states face a severe disadvantage in negotiations with the rest of the world and might benefit by forming a regional bloc. The study a) presents a general equilibrium model where bargaining power, international and regional negotiation costs, number of issues negotiated, and accession rule to the bloc determine its size and welfare impact; and b) examines the impact of international migration as well as the migration-trade relationship. The main findings are: i) the likelihood of regional bloc formation, its size and welfare impact, increases with international negotiation costs and the number of issues negotiated, and decreases with regional negotiation costs; ii) bloc size is optimal (below the optimum) if an accession fee is (is not) charged; iii) South-South migration raises bloc size and welfare; iv) South-South migration and trade are complements under market access negotiations and are substitutes under negotiations for unilateral transfers as well as under migrant remittances; and v) South-North migration and bloc formation, and South-North and South-South migration, are substitutes for the states that benefit from membership in the bloc.
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