Continental Trading Blocs

Continental Trading Blocs

Author: Richard A. Gibb

Publisher:

Published: 1996

Total Pages: 282

ISBN-13:

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Book Synopsis Continental Trading Blocs by : Richard A. Gibb

Download or read book Continental Trading Blocs written by Richard A. Gibb and published by . This book was released on 1996 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Open Regionalism in a World of Continental Trade Blocs

Open Regionalism in a World of Continental Trade Blocs

Author: Mr.Jeffrey A. Frankel

Publisher: International Monetary Fund

Published: 1998-02-01

Total Pages: 18

ISBN-13: 145184266X

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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.


Book Synopsis Open Regionalism in a World of Continental Trade Blocs by : Mr.Jeffrey A. Frankel

Download or read book Open Regionalism in a World of Continental Trade Blocs written by Mr.Jeffrey A. Frankel and published by International Monetary Fund. This book was released on 1998-02-01 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Regional Trading Blocs in the World Economic System

Regional Trading Blocs in the World Economic System

Author: Jeffrey A. Frankel

Publisher: Peterson Institute for International Economics

Published: 1997

Total Pages: 402

ISBN-13:

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Covers trends from 1957 to 1995.


Book Synopsis Regional Trading Blocs in the World Economic System by : Jeffrey A. Frankel

Download or read book Regional Trading Blocs in the World Economic System written by Jeffrey A. Frankel and published by Peterson Institute for International Economics. This book was released on 1997 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers trends from 1957 to 1995.


Regional Trading Blocs in the World Economic System

Regional Trading Blocs in the World Economic System

Author: Jeffrey A. Frankel

Publisher: Peterson Institute

Published: 1997

Total Pages: 392

ISBN-13: 9780881322026

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Covers trends from 1957 to 1995.


Book Synopsis Regional Trading Blocs in the World Economic System by : Jeffrey A. Frankel

Download or read book Regional Trading Blocs in the World Economic System written by Jeffrey A. Frankel and published by Peterson Institute. This book was released on 1997 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers trends from 1957 to 1995.


Continental Trading Blocs

Continental Trading Blocs

Author: Jeffrey A. Frankel

Publisher:

Published: 1993

Total Pages: 68

ISBN-13:

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Using the gravity model, we find evidence of three continental trading blocs: the Americas, Europe and Pacific Asia. Intra-regional trade exceeds what can be explained by the proximity of a pair of countries, their sizes and GNP/capitas, and whether they share a common border or language. We then turn from the econometrics to the economic welfare implications. Krugman has supplied an argument against a three-bloc world, assuming no transport costs, and another argument in favor, assuming prohibitively high transportation costs between continents. We complete the model for the realistic case where intercontinental transport costs are neither prohibitive nor zero. If transport costs are low, continental Free Trade Areas can reduce welfare. We call such blocs super-natural. Partial liberalization is better than full liberalization within regional Preferential Trading Arrangements, despite the GATT's Article 24. The super-natural zone occurs when the regionalization of trade policy exceeds what is justified by natural factors. Estimates suggest that trading blocs like the current EC are super-natural.


Book Synopsis Continental Trading Blocs by : Jeffrey A. Frankel

Download or read book Continental Trading Blocs written by Jeffrey A. Frankel and published by . This book was released on 1993 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using the gravity model, we find evidence of three continental trading blocs: the Americas, Europe and Pacific Asia. Intra-regional trade exceeds what can be explained by the proximity of a pair of countries, their sizes and GNP/capitas, and whether they share a common border or language. We then turn from the econometrics to the economic welfare implications. Krugman has supplied an argument against a three-bloc world, assuming no transport costs, and another argument in favor, assuming prohibitively high transportation costs between continents. We complete the model for the realistic case where intercontinental transport costs are neither prohibitive nor zero. If transport costs are low, continental Free Trade Areas can reduce welfare. We call such blocs super-natural. Partial liberalization is better than full liberalization within regional Preferential Trading Arrangements, despite the GATT's Article 24. The super-natural zone occurs when the regionalization of trade policy exceeds what is justified by natural factors. Estimates suggest that trading blocs like the current EC are super-natural.


Continental Trading Blocs

Continental Trading Blocs

Author: Richard Gibb

Publisher:

Published: 1994

Total Pages: 312

ISBN-13:

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Regional specialists systematically examine the topic of economic regionalism along with its wider theoretical and empirical perspectives. Analyzes some of the arguments and issues surrounding trading bloc formation, particularly whether regionalism is a result of, or a response to, a major change in the nature of contemporary capitalism. Explores the character, structure and components of existing trading bloc arrangements. Reviews the prospects and potential for NAFTA and concludes by gathering together the many conflicting trends evident in the regionalism versus multilateralism debate.


Book Synopsis Continental Trading Blocs by : Richard Gibb

Download or read book Continental Trading Blocs written by Richard Gibb and published by . This book was released on 1994 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regional specialists systematically examine the topic of economic regionalism along with its wider theoretical and empirical perspectives. Analyzes some of the arguments and issues surrounding trading bloc formation, particularly whether regionalism is a result of, or a response to, a major change in the nature of contemporary capitalism. Explores the character, structure and components of existing trading bloc arrangements. Reviews the prospects and potential for NAFTA and concludes by gathering together the many conflicting trends evident in the regionalism versus multilateralism debate.


The Welfare Implications of Continental Trading Blocs in a Model with Transport Costs

The Welfare Implications of Continental Trading Blocs in a Model with Transport Costs

Author: Ernesto Stein

Publisher:

Published: 1994

Total Pages: 60

ISBN-13:

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Book Synopsis The Welfare Implications of Continental Trading Blocs in a Model with Transport Costs by : Ernesto Stein

Download or read book The Welfare Implications of Continental Trading Blocs in a Model with Transport Costs written by Ernesto Stein and published by . This book was released on 1994 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:


The Regionalization of the World Economy

The Regionalization of the World Economy

Author: Jeffrey A. Frankel

Publisher: University of Chicago Press

Published: 2007-12-01

Total Pages: 295

ISBN-13: 0226260224

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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 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.


Trading Blocs

Trading Blocs

Author: Jagdish N. Bhagwati

Publisher: MIT Press

Published: 1999

Total Pages: 626

ISBN-13: 9780262024501

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The recent proliferation of free trade areas and customs unions in the world trading system has led to a revival of interest in the economic analysis of Preferential Trade Agreements (PTAs). The principal theoretical question of the 1950s and 1960s (Viner) was whether PTAs encourage or discourage the worldwide nondiscriminatory freeing of trade. The essays in this volume present the central contributions to the analytical approaches developed to examine these questions. -- Provided by publisher.


Book Synopsis Trading Blocs by : Jagdish N. Bhagwati

Download or read book Trading Blocs written by Jagdish N. Bhagwati and published by MIT Press. This book was released on 1999 with total page 626 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent proliferation of free trade areas and customs unions in the world trading system has led to a revival of interest in the economic analysis of Preferential Trade Agreements (PTAs). The principal theoretical question of the 1950s and 1960s (Viner) was whether PTAs encourage or discourage the worldwide nondiscriminatory freeing of trade. The essays in this volume present the central contributions to the analytical approaches developed to examine these questions. -- Provided by publisher.


Trading Blocs

Trading Blocs

Author: Kerry A. Chase

Publisher: University of Michigan Press

Published: 2009-09-08

Total Pages: 327

ISBN-13: 047202289X

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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.


Book Synopsis Trading Blocs by : Kerry A. Chase

Download or read book Trading Blocs written by Kerry A. Chase and published by University of Michigan Press. This book was released on 2009-09-08 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.