Download or read book The New Regionalism in Trade Policy written by Jaime Melo de and published by World Bank Publications. This book was released on 1992-01-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regionalism is once again being viewed as a solution to the major international economic problems of our times. Slow progress of the negotiations at the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) has led some economists to conclude that a division of the world into three trading blocs -- Europe, the Americas, and East Asia, is the fastest road to multilateral free trade. They argue that negotiations for free trade are far more likely to succeed when conducted among three parties rather than among 154. For many countries, the proliferation of nontariff barriers in the industrial world has made regional integration an attractive policy option. However, the experience with South-South integration has been discouraging, and some economists claim that any temptation to promote such schemes in the future should be resisted. As for North-North integration, it has been widely successful in Europe. Intraregional trade expanded greatly, but not at the expense of trade with non-partners, which also grew rapidly. And European integration has greatly diminished, if not eliminated, the possibility of future internal conflicts. Looking to the future, North-South integration holds much promise for developing countries. Regional arrangements of this type can solidify past reforms, guarantee future access to a large market, and stimulate growth via increased direct foreign investment, more intense competition and faster technological diffusion.
Download or read book Regionalism in Trade Policy written by Arvind Panagariya and published by World Scientific. This book was released on 1999 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade diversion and the creation of complicated and discriminatory tariff regimes with increased tariffs for non-member countries - the consequences of PTAs - are likely to undermine the multilateral trading system."--Jacket.
Download or read book The New Regionalism written by Jaime De Melo and published by World Bank Publications. This book was released on 1992 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The United States and the New Regionalism Bilateralism written by Yongzheng Yang and published by International Monetary Fund. This book was released on 2003-10-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Current U.S. trade policy stresses establishing free trade areas (FTAs) with partners spanning the globe. Motivations include enhancing goods and services trade; stimulating investment flows; extending standards on intellectual property rights, labor, and the environment; and addressing geopolitical concerns. Simulations of FTAs with the United States highlight the importance of trade complementarity, trade diversion, and welfare losses for nonmembers. Agriculture and textiles play a central role in determining welfare outcomes. Initial improvement in market access enjoyed by participants could be eroded progressively as global liberalization proceeds, and this preference erosion might act as a disincentive to participate in multilateral liberalization.
Download or read book The Political Economy of Regionalism written by Edward D. Mansfield and published by Columbia University Press. This book was released on 1997 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring regionalism from a political economic perspective, this text investigates why regional arrangements are formed, the conditions under which these arrangements solidify, and why they take on different institutional forms.
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.
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
Download or read book The New Regionalism in Trade Policy written by Jaime De Melo and published by . This book was released on 1992 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
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
Download or read book New Dimensions in Regional Integration written by Jaime De Melo and published by Cambridge University Press. This book was released on 1995 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume considers the implications of revived interest in regional integration for the world trading system.
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.
Download or read book Economic Integration New Regionalism and its effects for the global economy written by Steffen Achenbach and published by GRIN Verlag. This book was released on 2013-04-03 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2011 in the subject Business economics - Economic Policy, grade: 1.7, South Bank University London, course: International Business Economics, language: English, abstract: Over the last twenty years, economic integration has become a keyword in the world economy. The world has witnessed a notable increase in economic cooperation and interdependence between nations. Different economies came together and reduced or eliminated trade barriers to the flow of goods, services, labour and capital (Piggott, 2006, p. 89).
Download or read book Multilateralizing Regionalism written by Richard Baldwin 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: Regional trade agreements (RTAs) have proliferated around the world in the past two decades, and now nearly all members of the WTO are party to at least one. Besides tariffs and rules of origin regulating trade in goods, many RTAs now include provisions on services, investments, technical barriers to trade and competition rules, as well as a host of issues not directly related to trade. The geographic reach of RTAs is expanding, with transcontinental agreements spreading forcefully alongside intra-regional agreements. 'Multilateralizing Regionalism' was the title of a major conference held from 10–12 September 2007 at the WTO in Geneva. Brought together in this publication, the conference papers achieve two things. First, they marshall detailed, new empirical work on the nature of the 'Spaghetti Bowl' and the problems it poses for the multilateral trade system. Second, they contribute fresh and creative thinking on how to 'tame the tangle' of regional trade agreements.
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 1997-10-15 with total page 430 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.
Download or read book Old Issues in New Regionalism written by Christopher Charles Findlay and published by . This book was released on 2001 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Handbook of Global Trade Policy written by Andreas Klasen and published by John Wiley & Sons. This book was released on 2020-02-03 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a state-of-the-art overview of international trade policy research The Handbook of Global Trade Policy offers readers a comprehensive resource for the study of international trade policy, governance, and financing. This timely and authoritative work presents contributions from a team of prominent experts that assess the policy implications of recent academic research on the subject. Discussions of contemporary research in fields such as economics, international business, international relations, law, and global politics help readers develop an expansive, interdisciplinary knowledge of 21st century foreign trade. Accessible for students, yet relevant for practitioners and researchers, this book expertly guides readers through essential literature in the field while highlighting new connections between social science research and global policy-making. Authoritative chapters address new realities of the global trade environment, global governance and international institutions, multilateral trade agreements, regional trade in developing countries, value chains in the Pacific Rim, and more. Designed to provide a well-rounded survey of the subject, this book covers financing trade such as export credit arrangements in developing economies, export insurance markets, climate finance, and recent initiatives of the World Trade Organization (WTO). This state-of-the-art overview: Integrates new data and up-to-date research in the field Offers an interdisciplinary approach to examining global trade policy Introduces fundamental concepts of global trade in an understandable style Combines contemporary economic, legal, financial, and policy topics Presents a wide range of perspectives on current issues surrounding trade practices and policies The Handbook of Global Trade Policy is a valuable resource for students, professionals, academics, researchers, and policy-makers in all areas of international trade, economics, business, and finance.
Download or read book The United States and the New Regionalism Bilateralism written by Yongzheng Yang and published by . This book was released on 2006 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Current U.S. trade policy stresses establishing free trade areas (FTAs) with partners spanning the globe. Motivations include enhancing goods and services trade; stimulating investment flows; extending standards on intellectual property rights, labor, and the environment; and addressing geopolitical concerns. Simulations of FTAs with the United States highlight the importance of trade complementarity, trade diversion, and welfare losses for nonmembers. Agriculture and textiles play a central role in determining welfare outcomes. Initial improvement in market access enjoyed by participants could be eroded progressively as global liberalization proceeds, and this preference erosion might act as a disincentive to participate in multilateral liberalization.
