Economic Analysis of Regional Trading Arrangements
Richard W. T. Pomfret
Edward Elgar Pub., 2003 - Business & Economics - 574 pages
A feature of the global economy over the last half-century has been the proliferation of regional trading arrangements (RTAs) and the ongoing debate over the relationship between regionalism and multilateralism. The economic analysis of regionalism has increasingly come to focus on fundamental elements of international economics.The economic analysis of RTAs evolved substantially following Viner's key insight, which highlighted the possibility of trade diversion. During the 1980s and 1990s the analysis broadened to include trade-related issues and other areas. The debate currently thrives as the European Union expands eastwards, the USA looks to strengthen hemispheric relations, and East Asian countries consider regional arrangements more seriously after the 1997 regional crisis.This volume is a careful selection of the major contributions to the economic analysis of RTAs. It will be a valuable reference source for students, policymakers and academics.
What people are saying - Write a review
We haven't found any reviews in the usual places.
POLITICAL ECONOMY AND THME INCONSISTENCY
Harry G Johnson 1960 The Economic Theory of Customs
13 other sections not shown
analysis assumed assumption autarky bilateral capital commodity competition consumers consumption cooperation customs union CUSTOMS UNION ISSUE Customs Union Theory demand developed countries domestic production duties Econ economies of scale elasticity elimination equal equation equilibrium estimates European European Union exports external tariff Figure firms foreign formation free trade free-trade Gehrels global imperfect competition imports improve increase industries initial integration International Economics international trade Journal of Political Krugman labor less Lipsey loss lower member countries most-cooperative multilateral offer curve output Panagariya paper partner country percent Political Economy possible preferences preferential trading arrangements protection quota relative prices S.II substitution supply curve surplus tariff rate tariff reduction terms of trade Theory of Customs tion trade agreements trade barriers trade creation trade diversion trade liberalization trade policy trading blocs transportation costs unilateral United variable Viner welfare effects welfare gain Wonnacott