Trade Blocs?: The Future of Regional IntegrationVincent Cable, David Henderson Regionalism has gained a new prominence with the creation of the NAFTA and APEC and the enlargement and deepening of the EC. Divergent views fuel the debate over whether regional integration is beneficial and whether it advances or slows global integration through GATT. Trade Blocs? sets forth the latest thinking about regionalism. Alasdair Smith summarizes strategic trade theory applicable to regional integration, focusing on imperfect competition and growth. Jim Rollo addresses enlargement in relation to the newly liberalizing economies of Eastern Europe. Masami Yoshida, Ichiro Akimune, Masayuki Mohara and Kimitoshi Sato trace Asian regionalism, which works despite the absence of formal intergovernmental structures. Regional integration is now concerned with much more than trade. Stephen Thomsen looks at evolving corporate structures and investment. Benn Steil illustrates the dilemmas of harmonization in the financial services sector. David Currie and John Whitley discuss the benefits of closer European economic union, in particular, greater policy convergence. Finally, David Henderson puts the whole 'trade blocs' debate into a wider policy perspective. |
Contents
Impacts of regionalism 10 | 10 |
Regional blocs as global actors | 27 |
The EC European Integration and the World Trading System | 35 |
Copyright | |
14 other sections not shown
Other editions - View all
Common terms and phrases
affiliates ASEAN Asian Asian NIEs banks billion China competition convergence costs currency customs union developed countries direct investment domestic East Asia economic integration effects EFTA EFTAns equity European Economic exchange rate exports FDI in East FDI inflows firms foreign free trade GATT Germany global growth home country Hong Kong imports increased industry international economic intra-EC intra-industry trade intra-regional FDI intra-regional trade investors Japan Japanese FDI Japanese MNCs labour Maastricht Treaty major Malaysia manufactured member countries membership Mexico MNCs in East MNEs monetary policy multilateral NAFTA negotiations North America OECD political preferential production protectionist ratio of intra-regional regime regional integration agreements regional trade regulatory second half sector securities share Singapore single market spillovers third countries tion total FDI trade and investment trade blocs trade creation trade diversion trade liberalization trade policy trading entities United Kingdom Vincent Cable world economy