1 option
Free Trade Agreements versus Customs Unions / Anne O. Krueger.
- Format:
- Book
- Author/Creator:
- Krueger, Anne O.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w5084.
- NBER working paper series no. w5084
- Language:
- English
- Subjects (All):
- Free trade.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1995.
- Cambridge, Mass. : National Bureau of Economic Research, 1995.
- Summary:
- Until NAFTA, analyses of preferential trading arrangements began by assuming a customs union with a common external tariff, and the differences between customs unions and free trade agreements (FTAs) have been little analyzed. This paper points to some of the differences between FTAs and customs unions, and shows that on welfare grounds a customs union is always Pareto-superior to an FTA. Moreover, the political economy of FTAs will lead to more opposition to further multilateral trade liberalization than will customs unions.
- Notes:
- Print version record
- April 1995.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.