How Regional Trade Blocs Affect Liberalisation Of International Trade

Author : Kelly Bill
Publisher : GRIN Verlag
Page : 59 pages
File Size : 44,6 Mb
Release : 2014-09-15
Category : Business & Economics
ISBN : 9783656742807

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How Regional Trade Blocs affect Liberalisation of International Trade by Kelly Bill Pdf

Bachelor Thesis from the year 2011 in the subject Business economics - Trade and Distribution, grade: B+, Stanford University, language: English, abstract: A trade bloc is a preferential trade agreement between a range of nations, aimed at significantly reducing or removing trade barriers within the member states. Regional trade blocs are formed by neighbouring countries or countries that are in close proximity to each other. The two key features of a trade bloc is that (1) it involves a cutback or abolition of obstacles to trade, and (2) the trade liberalisation that is attained through the trade bloc is discriminatory in purview of the fact that it is applicable only to the member states of the trade bloc and non-member countries are shown prejudice in their dealings with members of the trade bloc. The first aspect of trade blocs above is in line with the mission of the World trade Organisation (WTO) and its antecedent, the General Agreement on Tariffs and Trade (GATT). The principle of Non-discrimination under the GATT stipulates that no member state shall show prejudice between GATT members during the operations of world trade. In the same magnitude, the WTO offers an environment for negotiating agreements that are focused on reducing barriers to international trade and making sure that trade is carried out on a basis of openness, thus contributing to economic growth as well as development. Notably, although trade blocs have different structures, they are premised on the same objective, that is, to lessen trade barriers among member states. The second aspect of trade blocs however seems to be in conflict with the motive of the GATT/WTO system. The preamble of the GATT is very clear on promoting non-discrimination in international trade by reinforcing the need for reciprocal and equally advantageous arrangements focused on substantial cutbacks in tariffs and other obstacles to trade and to the abolition of discriminatory treatment in international trade. Equally, under the WTO as well as under its predecessor, the GATT, trade discrimination is promoted through the use of the principles of the Most-Favoured-Nation (MFN) that requires treatment of other people equally as pertains to trade and the principle of National Treatment which stipulates that foreigners and locals should be treated equally in trade matters. The above overview of regional trading blocs implies that different opinions can be stated regarding how trading blocs affect liberalisation of trade. [...]

Author : Kerry A. Chase
Publisher : University of Michigan Press
Page : 327 pages
File Size : 54,6 Mb
Release : 2009-09-08
Category : Political Science
ISBN : 9780472022892

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Trading Blocs by Kerry A. Chase Pdf

Global 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.

Author : Bart Kerremans,Bob Switky
Publisher : Routledge
Page : 288 pages
File Size : 43,7 Mb
Release : 2018-02-06
Category : Social Science
ISBN : 9781351732208

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The Political Importance of Regional Trading Blocs by Bart Kerremans,Bob Switky Pdf

This title was first published in 2000. This text addresses concerns about regional trade agreements. From a variety of political and economic angles, it explains the emergence of trade blocs, their internal policies and politics, and their effects on global trade. It does not provide sequential descriptions and analyses of each of the world's major trading blocs. The focus here is on a number of causal factors that help explain the emergence of trading blocs and the development of their relations to and effects on the multilateral trading system. In each chapter, attempts have been made to draw theoretical and case-based generalizations that may apply to other trade blocs than the used in the empirical analyses.

Author : Till Geiger,Dennis Kennedy
Publisher : Burns & Oates
Page : 200 pages
File Size : 43,9 Mb
Release : 1996
Category : Business & Economics
ISBN : STANFORD:36105019280622

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Regional Trade Blocs, Multilateralism and the GATT by Till Geiger,Dennis Kennedy Pdf

The contributions to this broad-ranging volume provide a political economy and policy-analysts' perspective on the potential conflict between regional economic integration and multilateral international trade at the end of the Uruguay Round. It will be of interest to all those concerned with issues of international trade and integration.

Author : Mr.Jeffrey A. Frankel,Shang-Jin Wei
Publisher : International Monetary Fund
Page : 18 pages
File Size : 49,5 Mb
Release : 1998-02-01
Category : Business & Economics
ISBN : 9781451842661

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Open Regionalism in a World of Continental Trade Blocs by Mr.Jeffrey A. Frankel,Shang-Jin Wei Pdf

Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to satisfy the McMillan criterion of not lowering trade volume with outside countries, they have to engage in a dramatic reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of simultaneous continental trade blocs, an open regionalism in which trade blocs undertake relatively modest external liberalization can usually produce Pareto improvement.

Author : Richard W. T. Pomfret
Publisher : Oxford University Press
Page : 468 pages
File Size : 40,9 Mb
Release : 1997-10-16
Category : Business & Economics
ISBN : 9780198233350

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The Economics of Regional Trading Arrangements by Richard W. T. Pomfret Pdf

The Economics of Regional Trading Arrangements provides a unified analysis of policies which discriminate among trading partners. Regionalism became a major issue in international commercial diplomacy during the early 1990s. The proliferation of RTAs was viewed by some as a challenge, and by others as a complement, to the establishment of the World Trade Organization as the successor to GATT. This book analyses the new RTAs. It situates them in the broader realm of discriminatory trade polices for which there is a well-defined body of theory and empirical studies, before asking whether the new regionalism requires new theoretical analysis. The approach is to combine in roughly equal proportions history, theory, and a review of empirical studies. This is appropriate given the key theoretical result is the welfare ambiguity of discriminatory trade policy changes. Empirical studies can provide a sense of which of the potentially offsetting effects are more or less important. Since some effects may take a long time to have their full impact and may be systemic, it is also useful to observe how RTAs have evolved in practice.

Author : Bart Kerremans
Publisher : Unknown
Page : 128 pages
File Size : 42,5 Mb
Release : 2017
Category : Electronic books
ISBN : 1315184796

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The Political Importance of Regional Trading Blocs by Bart Kerremans Pdf

"This title was first published in 2000. This text addresses concerns about regional trade agreements. From a variety of political and economic angles, it explains the emergence of trade blocs, their internal policies and politics, and their effects on global trade. It does not provide sequential descriptions and analyses of each of the world's major trading blocs. The focus here is on a number of causal factors that help explain the emergence of trading blocs and the development of their relations to and effects on the multilateral trading system. In each chapter, attempts have been made to draw theoretical and case-based generalizations that may apply to other trade blocs than the used in the empirical analyses."--Provided by publisher.

Author : Jeffrey A. Frankel,Ernesto Stein,Shang-Jin Wei
Publisher : Peterson Institute
Page : 392 pages
File Size : 42,9 Mb
Release : 1997
Category : Business & Economics
ISBN : 0881322024

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Regional Trading Blocs in the World Economic System by Jeffrey A. Frankel,Ernesto Stein,Shang-Jin Wei Pdf

Covers trends from 1957 to 1995.

Author : Dilip K. Das
Publisher : Edward Elgar Publishing
Page : 244 pages
File Size : 53,9 Mb
Release : 2004-01-01
Category : Business & Economics
ISBN : 1845421450

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Regionalism in Global Trade by Dilip K. Das Pdf

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

Author : Guido Glania,Jürgen Matthes
Publisher : CEPS
Page : 121 pages
File Size : 53,9 Mb
Release : 2005
Category : Business & Economics
ISBN : 9789290796039

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Multilateralism Or Regionalism? by Guido Glania,Jürgen Matthes Pdf

This new book highlights the multifaceted effects of regional trade agreements and outlines the strategic options for EU trade policy. It points out what is new about this most recent phase of regionalism and analyzes the effects on economic welfare and trade transaction costs. The authors draw upon elements of game theory to explore a self-reinforcing mechanism that is resulting in a potentially damaging race for markets. They focus in particular on the multiple impacts of regionalism on the WTO and the multilateral trading order. The book arrives at an opportune time, as the Doha Round is reaching a critical phase.

Author : Robert Scollay,John Gilbert,John P. Gilbert
Publisher : Peterson Institute
Page : 594 pages
File Size : 41,7 Mb
Release : 2001
Category : Trade blocs
ISBN : 0881323020

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New Regional Trading Arrangements in the Asia Pacific? by Robert Scollay,John Gilbert,John P. Gilbert Pdf

What are the choices the Asia-Pacific community will face if it proceeds further down the path of developing preferential regional trading arrangements? Fragmentation of the region into preferential trading arrangements on a bilateral or subregional basis promises relatively little economic gain and considerable risk of increased trade conflict. Larger preferential trading blocs, spanning the whole of East Asia, the Western Pacific, or the APEC membership, offer greater potential economic benefits but also face formidable political obstacles. In this study, Scollay and Gilbert weigh the economic consequences of the increased use of preferential trading arrangements in the Asia-Pacific region, whether these develop on the basis of trans-Pacific cooperation or solely within the East Asian or Western Pacific sub-regions. They evaluate the economic effects of both the existing proposals for new bilateral and multilateral agreements and of more far-reaching developments involving the creation of a substantial trading bloc or blocs in the region. Comparisons between the economic effects of establishing such bloc(s) in the region and the effects of achieving APEC's Bogor goals on the basis of "open regionalism" suggest that the latter approach continues to offer a worthwhile alternative. The study demonstrates that the benefits of global free trade dominate those available from establishment of any combination of major blocs or from APEC's "open regionalism".

Author : Jeffrey A. Frankel
Publisher : University of Chicago Press
Page : 295 pages
File Size : 47,6 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226260228

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The Regionalization of the World Economy by Jeffrey A. Frankel Pdf

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.

Author : Athanasios Vamvakidis
Publisher : International Monetary Fund
Page : 38 pages
File Size : 40,8 Mb
Release : 1998-03
Category : Business & Economics
ISBN : IND:30000053124586

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Regional Trade Agreements Versus Broad Liberalization by Athanasios Vamvakidis Pdf

Should a closed economy open its trade to all countries or limit itself to participation in regional trade agreements (RTAs)? Based on time-series evidence for a data set for 1950-92, this paper estimates and compares the growth performance of countries that liberalized broadly and those that joined an RTA. The comparisons show that economies grew faster after broad liberalization, both in the short and long run, but slower after participation in an RTA. Economies also had higher investment shares after broad liberalization, but lower ones after joining an RTA. The policy implications support broad liberalization.

Author : Richard S. Belous,Rebecca S. Hartley
Publisher : Unknown
Page : 176 pages
File Size : 54,8 Mb
Release : 1990
Category : Business & Economics
ISBN : UCSD:31822004992624

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The Growth of Regional Trading Blocs in the Global Economy by Richard S. Belous,Rebecca S. Hartley Pdf

Author : Mark S. LeClair
Publisher : Unknown
Page : 136 pages
File Size : 41,5 Mb
Release : 1997
Category : Business & Economics
ISBN : STANFORD:36105023193621

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Regional Integration and Global Free Trade by Mark S. LeClair Pdf

Recent trade initiatives suggest that there is renewed interest in forming tariff-free regional trading zones. Running concurrent with this move toward regional integration is the multilateral process of global trade liberalization. This text looks at the two issues. Chapter one examines the inherent conflict between the two main approaches to reducing barriers to trade - economic integration, and multilateralism. Chapter two provides a theoretical framework for evaluating the relative accomplishments of both regional trading blocs and multilateral free trade. Chapter three utilizes a number of theoretical constructs to evaluate the effects of regional trading arrangements, and discusses the trade history of the European Union. Chapter four provides an analysis of the trade effects of tariff reductions achieved under the GATT system, and chapter five provides recommendations for ensuring continued progress in multilateral tariff reductions under the banner of the World Trade Organization.