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Regionalism In Global Trade
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Book Synopsis The Regionalization of the World Economy by : Jeffrey A. Frankel
Download or read book The Regionalization of the World Economy written by Jeffrey A. Frankel and published by University of Chicago Press. This book was released on 2007-12-01 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regional 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.
Book Synopsis Regionalism in Global Trade by : Dilip K. Das
Download or read book Regionalism in Global Trade written by Dilip K. Das and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive book addresses one of the most important aspects of international trade, namely, regional trade and regional integration agreements (RIAs). The focus of intense global interest and debate over the last decade, RIAs have become an integr
Book Synopsis Regionalism versus Multilateral Trade Arrangements by : Takatoshi Ito
Download or read book Regionalism versus Multilateral Trade Arrangements written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2007-12-01 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no doubt that the open multilateral trading system after World War II was a key ingredient in the rapid economic development of the entire world. Especially in Hong Kong, Korea, Singapore, and Taiwan, exports increased dramatically both in absolute terms and as a percentage of GNP. In the 1980s, however, preferential trading arrangements (PTAs) began to emerge as significant factors affecting world trade. This volume contains thirteen papers that analyze the tensions between multilateral trading systems and preferential trade arrangements and the impact of these tensions on East Asia. The first four chapters introduce PTAs conceptually and focus on the unique political issues that these agreements involve. The next five essays present more direct empirical analyses of existing PTAs and their economic effects, primarily in East Asia. The last four papers concentrate on the outcomes of individual East Asian nations' trading policies in specific instances of preferential agreements.
Book Synopsis Regionalism, Multilateralism, and the Politics of Global Trade by : Donald Barry
Download or read book Regionalism, Multilateralism, and the Politics of Global Trade written by Donald Barry and published by UBC Press. This book was released on 1999 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume reflect the current debate about whether the new regionalism and interregional politics of the last decade support or undermine the global trading system. Political scientists and international relations scholars from North America examine the changing relationship between regionalism and multilateralism, and discuss the implications for national policy in the globalized economy. The essays are arranged into four categories covering regionalism, globalism, and the state; the dynamics of regional integration; interregional relations; and the policy implications, particularly for CanadaAnnotation copyrighted by Book News, Inc., Portland, OR
Book Synopsis Multilateralism and Regionalism in Global Economic Governance by : Junji Nakagawa
Download or read book Multilateralism and Regionalism in Global Economic Governance written by Junji Nakagawa and published by Routledge. This book was released on 2012-03-29 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reconciling regionalism and multilateralism is a challenge common to all branches of global economic governance. While the Bretton Woods/GATT (WTO) institutions, decades-old multilateral framework for global economic governance, are facing serious challenges to their effectiveness, regional framework are emerging as complementary or alternative means of global economic governance. The real challenge is how to reconcile multilateralism and regionalism in global economic governance. This book tackles this problem by analysing issues of multilateral/regional conciliation and coordination in global economic governance, focusing on Asia. Chapters of the book deal with challenges of multilateralism and regionalism in three fields of global economic governance, namely, global monetary/financial governance, global trade governance, and global investment governance. The major regional focus is on Asia, though some chapters deal with regionalism in Europe and North America. Topics include Asian Monetary Fund and Asian financial architecture, open accession provisions of regional trade agreements, and APEC’s role in multilateral investment rules. As a whole, the book elucidates the contemporary reach of Asian regionalism in global economic governance, and shows the neat balance between regionalism and multilateralism in global economic governance. It is of particular use to the students and practitioners of international economic law, international political economy, international finance and international economics, both with and without Asian focus.
Book Synopsis Multilateralizing Regionalism by : Patrick Low
Download or read book Multilateralizing Regionalism written by Patrick Low and published by Cambridge University Press. This book was released on 2009-02-19 with total page 743 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of revised papers from the 'Multilateralizing Regionalism' conference, held at the WTO in September 2007.
Book Synopsis Regional Integration and the Global Trading System by : Kym Anderson
Download or read book Regional Integration and the Global Trading System written by Kym Anderson and published by . This book was released on 1993 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses questions surrounding the relationship between regional integration agreements and the global trading system. It has been revised following a conference at the GATT and forms part of the background material for a study in the GATT Secretariat's annual report, "International Trade".
Book Synopsis Regionalism versus Multilateralism by : L. Alan Winters
Download or read book Regionalism versus Multilateralism written by L. Alan Winters and published by World Bank Publications. This book was released on 1999 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: November 1996 Do the forces that regional integration arrangements set up encourage or discourage a trend toward globally freer trade? We don't know yet. The literature on regionalism versus multilateralism is growing as economists and political scientists grapple with the question of whether regional integration arrangements are good or bad for the multilateral system. Are regional integration arrangements building blocks or stumbling blocks, in Jagdish Bhagwati's phrase, or stepping stones toward multilateralism? As economists worry about the ability of the World Trade Organization to maintain the GATT's unsteady yet distinct momentum toward liberalism, and as they contemplate the emergence of world-scale regional integration arrangements (the EU, NAFTA, FTAA, APEC, and, possibly, TAFTA), the question has never been more pressing. Winters switches the focus from the immediate consequences of regionalism for the economic welfare of the integrating partners to the question of whether it sets up forces that encourage or discourage evolution toward globally freer trade. The answer is, We don't know yet. One can build models that suggest either conclusion, but these models are still so abstract that they should be viewed as parables rather than sources of testable predictions. Winters offers conclusions about research strategy as well as about the world we live in. Among the conclusions he reaches: * Since we value multilateralism, we had better work out what it means and, if it means different things to different people, make sure to identify the sense in which we are using the term. * Sector-specific lobbies are a danger if regionalism is permitted because they tend to stop blocs from moving all the way to global free trade. In the presence of lobbies, trade diversion is good politics even if it is bad economics. * Regionalism's direct effect on multilateralism is important, but possibly more so is the indirect effect it has by changing the ways in which groups of countries interact and respond to shocks in the world economy. * Regionalism, by allowing stronger internalization of the gains from trade liberalization, seems likely to facilitate freer trade when it is initially highly restricted. * The possibility of regionalism probably increases the risks of catastrophe in the trading system. The insurance incentives for joining regional arrangements and the existence of shiftable externalities both lead to such a conclusion. So too does the view that regionalism is a means to bring trade partners to the multilateral negotiating table because it is essentially coercive. Using regionalism for this purpose may have been an effective strategy, but it is also risky. This paper - a product of the International Trade Division, International Economics Department - was prepared for a conference on regional integration sponsored by the Centre for Economic Policy Research, La Coru-a, Spain, April 26-27, 1996, and will appear in the conference proceedings.
Book Synopsis New regionalism tendencies and the impact on world trade by : Patrick Daum
Download or read book New regionalism tendencies and the impact on world trade written by Patrick Daum and published by GRIN Verlag. This book was released on 2012-05-02 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2011 in the subject Economics - International Economic Relations, grade: 1,3, , language: English, abstract: Contents 1 Introduction 2 Multilateralism vs. Regionalism 2.1 Regional Trade Agreements – Types and Development 2.2 GATT Regulations 3 New Regionalism – Impact on World Trade 3.1 Positive vs. Negative Effects 3.2 Winners and Losers 3.3 NAFTA effects on the Mexican and the World economy 4 Conclusion 5 Bibliography In 2009 German exports totaled 816 billion Euros in value. (EU Observer, 2010).During the 20th century cross-border trade has become one of the defining parameters for many economies and their enterprises in order to achieve competitive advantages. In most countries international trade represents a significant share of the gross domestic product (see figure 1, p.5). Free trade policies have set the base for these global economic integration tendencies.This essay examines the desirability of regional economic integration in comparison to the multilateral trade approach promoted by the World Trade Organization (WTO). In specific it discusses the question whether regionalism encourages or discourages trends towards free trade on a global basis.
Book Synopsis Trade Regionalism in the Asia-Pacific by : Sanchita Basu Das
Download or read book Trade Regionalism in the Asia-Pacific written by Sanchita Basu Das and published by ISEAS-Yusof Ishak Institute. This book was released on 2016-04-11 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asia has witnessed a proliferation of free trade agreements (FTAs) since the turn of the millennium. The first regional agreement — the ASEAN FTA — was transformed into the ASEAN Economic Community at the end of 2015. In the meantime, ASEAN forged five ASEAN+1 FTAs and began to negotiate a sixteen-member Regional Comprehensive Economic Partnership (RCEP) Agreement. In parallel, the U.S.-led Trans-Pacific Partnership (TPP), supporting U.S. foreign policy of “Pivot to Asia”, was broadly agreed in October 2015. The RCEP and the TPP are accompanied by other mega-regional integration processes developing elsewhere in the world, including the Transatlantic Trade and Investment Partnership for the European Union and the United States, and the Pacific Alliance among four Latin American member states. Meanwhile, APEC is also striving to meet its Bogor Goal targets and create a Free Trade Area of the Asia-Pacific. Each of these mega-regionals aims to achieve greater trade and investment liberalization and facilitation and more harmonized trade and investment rules so that all member economies can participate in the global value chain of production. Instead of undermining, these regional exercises can be building blocks for a more liberal global trading system supported by the World Trade Organization. This book ruminates on these regional agreements, their economic and strategic rationales and challenges during negotiations and afterwards. The book brings together eminent scholars and experts to deepen our understanding of the complex nature of the mega-regional trade agreements and their implications. It is useful both for the academic and research community and for policymakers who focus on trade and economic cooperation issues.
Book Synopsis Reflections on Regionalism by : Jaime Serra Puche
Download or read book Reflections on Regionalism written by Jaime Serra Puche and published by Brookings Institution Press. This book was released on 1997 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: FROST (copy 1) from the John Holmes Library collection.
Book Synopsis Regionalism in Standards by : Maggie Xiaoyang Chen
Download or read book Regionalism in Standards written by Maggie Xiaoyang Chen and published by World Bank Publications. This book was released on 2004 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: "Regional agreements on standards have been largely ignored by economists and unconditionally blessed by multilateral trade rules. Chen and Mattoo find, theoretically and empirically, that such agreements increase trade between participating countries but not necessarily with the rest of the world. Adopting a common standard in a Region--that is, harmonization--boosts exports of excluded industrial countries to the region. But it reduces exports of excluded developing countries, possibly because developing country firms are hurt more by an increase in the stringency of standards and benefit less from economies of scale in integrated markets. Mutual recognition agreements are more uniformly trade promoting unless they contain restrictive rules of origin, in which case intra-regional trade increases at the expense of trade with other, especially developing, countries. The authors propose a modification of international trade rules to strike a better balance between the interests of integrating and excluded countries. This paper--a product of the Trade Team, Development Research Group--is part of a larger effort in the group to understand the implications for trade of agreements on standards"--World Bank web site.
Book Synopsis Regionalism and Globalization by : Sajal Lahiri
Download or read book Regionalism and Globalization written by Sajal Lahiri and published by Routledge. This book was released on 2002-01-04 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together articles on three primary elements of globalization: multilateralism, regionalism and unilateralism. Expert contributors investigate the substantive issues of commodity and factor trade, capital movements and monetary and fiscal policies, from both theoretical and empirical perspectives.
Book Synopsis Social Regionalism in the Global Economy by : Adelle Blackett
Download or read book Social Regionalism in the Global Economy written by Adelle Blackett and published by Routledge. This book was released on 2010-12-20 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regional trade agreements have expanded exponentially over the past decade, and have become a significant, if controversial, factor in the expanse of economic globalization. Social Regionalism in the Global Economy attempts to take a fresh, interdisciplinary approach to addressing labour regulation by drawing upon insights from industrial relations, comparative capitalism, and new governance schools of thought. It stands for the proposition that an interdisciplinary study of regional regulation holds the potential to offer a fuller account of social regionalism. Its focus is to consider how institutions and labour market actors reconstruct and renegotiate regulatory space in a changing economic environment characterized by regional impulses. It argues that there is a dynamic interplay between institutions and actors of social regulation. This interplay occurs at many levels. The book therefore maps both how actors shape institutions as well as how institutions shape social actors’ ability to affect regulatory processes. The editors bring together leading international specialists willing to move beyond textual analyses of regional agreements to offer alternative accounts of regional integration. The work emphasizes that institutional context and social actors at multiple governance levels are integral to the progressive construction and regulation of regional space. It further contributes to the literature by combining insights from overlooked regional entities in transition and developing countries with original analyses from the European Union and the NAFTA. These aims will be achieved by combining original research that is empirically grounded with theoretically informed analysis.
Book Synopsis New Asian Regionalism in International Economic Law by : Pasha L. Hsieh
Download or read book New Asian Regionalism in International Economic Law written by Pasha L. Hsieh and published by Cambridge University Press. This book was released on 2021-12-16 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides the first systematic analysis of new Asian regionalism as a paradigm shift in international economic law.
Author :Organisation for Economic Co-operation and Development Publisher :Organisation for Economic Co-operation and Development ISBN 13 : Total Pages :176 pages Book Rating :4.F/5 ( download)
Book Synopsis Regionalism and the Multilateral Trading System by : Organisation for Economic Co-operation and Development
Download or read book Regionalism and the Multilateral Trading System written by Organisation for Economic Co-operation and Development and published by Organisation for Economic Co-operation and Development. This book was released on 2003-07-21 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regional trade agreements (RTAs) are increasingly portrayed as a threat to the free global exchange of goods and services. They involve an ever-growing share of world trade. The proportion of world trade covered by such accords is expected to grow from 43% today to 55% in 2005, if all regional agreements now in discussion are actually put into place. Moreover, in the event of a log jam in the ongoing Doha round of multilateral trade talks under the WTO, many WTO members are ready to place even greater emphasis on regional initiatives. Against this backdrop, this study compares rule-making provisions in regional trade agreements with those of the WTO in individual chapters covering ten specific areas: services, labour mobility, investment, competition policy, trade facilitation, government procurement, intellectual property rights, contingency protection, environment, and rules of origin. Three main questions are addressed: How far do RTAs go beyond existing multilateral trade rules in the WTO? Do they present a divergence from or a convergence with the multilateral system? What are the effects on non-members? It emerges clearly from the ten papers that precisely because they are both a sub-set of liberalisation and an exception to the most-favoured-nation (MFN) principle, RTAs have both positive and negative impacts. How these positive and negative elements play out is, accordingly, a central theme of this study. The principal purpose of this book is to clarify the relationship between regionalism and the multilateral trading system. It also aims to provide an analytical framework for WTO members' ongoing consideration of how best to manage that relationship and how to foster the complementarities between RTAs and the multilateral system.
Book Synopsis WTO and Regionalism in World Trade by : Hema Garg
Download or read book WTO and Regionalism in World Trade written by Hema Garg and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book examines and evaluates the impact of the establishment of WTO and the various regional trading blocs on the pattern and development of international trade. It describes the interface between the new rules of international trade given by the WTO and the requirement of different trading blocks. The trading blocks focused on are: European Union (EU) in Europe, Free Trade Area (SAFTA), Asia Pacific Economic Co-operation 9APEC) in Asia, and North American Free Trade Areas (NAFTA) and Common Market of the Southern Cone (MERCOSUR) in Americas."--Half t.p.
