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Author : Jaime De Melo
Publisher : Cambridge University Press
Page : 508 pages
File Size : 43,88 MB
Release : 1995
Category : Business & Economics
ISBN : 9780521556682
This volume considers the implications of revived interest in regional integration for the world trading system.
Author : L. Alan Winters
Publisher : World Bank Publications
Page : 76 pages
File Size : 11,95 MB
Release : 1999
Category :
ISBN : 9703111149
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.
Author : Thomas Meyer
Publisher : Routledge
Page : 251 pages
File Size : 28,84 MB
Release : 2020-07-22
Category : Political Science
ISBN : 1000088421
This book discusses the impact of cultural diversities and identities on regional and interregional cooperation, as well as on multilateralism. Employing a comparative approach to organizations such as ASEAN, MERCOSUR, SAARC, and the African and European Unions, this volume seeks to understand their distinctive features and patterns of interaction. It also explores the diffusion of multidimensional interregional relations, including but not limited to the field of trade. Scholars from several disciplines and four continents offer insights concerning the consequences of both multiple modernities and the rise of authoritarian populism for regionalism, interregionalism, and multilateralism. The Covid-19 pandemic confirmed the decline of hegemonic multilateralism. Among alternative possible scenarios for global governance, the "new multilateralism" receives special attention. This book will be of key interest to European/EU studies, economics, history, cultural studies, international relations, international political economy, security studies, and international law.
Author : Christopher R. Thomas
Publisher : Springer Science & Business Media
Page : 179 pages
File Size : 50,12 MB
Release : 2012-12-06
Category : Political Science
ISBN : 1461543177
In today's globalized international system, international and regional organizations can only function effectively within the context of a larger social partnership with governments, the private sectors, and a plethora of increasingly influential interest groups. Regionalism Versus Multilateralism seeks to illustrate these new roles by tracing the way the Organization of American States (OAS), the oldest regional organization, has pursued its objectives in the context of evolving hemispheric and international circumstances. It analyzes the impact of these circumstances on the operations, programs and activities of the Organization, and the adjustments and direction which `metamorphosed' the regional membership at certain crucial junctures of hemispheric and international evolution. The book does so in three parts: through an historic examination of the objectives of the Organization; a critical analysis of its response over time to the forces of growth, transformation and change; and the projection of what continuing developments might dictate on the future characteristics of the Organization if it is to respond effectively to the needs and aspirations of member states. This book is a collaboration between Christopher R. Thomas and Julian T. Magloire, with both parties contributing equally to its content and preparation.
Author : Guido Glania
Publisher : CEPS
Page : 121 pages
File Size : 27,15 MB
Release : 2005
Category : Business & Economics
ISBN : 9290796030
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 : Meine Pieter van Dijk
Publisher : Routledge
Page : 258 pages
File Size : 49,65 MB
Release : 2005-06-28
Category : Business & Economics
ISBN : 1135777659
The issue of regionalism versus multilateral agreements such as the Uruguay Round remains a crucial one, as is argued in the first five chapters of this volume.
Author : Robert Z. Lawrence
Publisher : Brookings Institution Press
Page : 202 pages
File Size : 11,86 MB
Release : 2000-07-26
Category : Political Science
ISBN : 9780815722991
Over the past decade, international economic liberalization has been pursued through both multilateral and regional arrangements. In the Uruguay Round, more than one hundred governments pledged their commitment to greater open trade in goods and services, and established new rules under the enforcement of the World Trade Organization. At the same time, however, many regional arrangements have been negotiated--including the European Union and the North American Free Trade Agreement. Nonetheless, controversy still rages about these arrangements. Are regional arrangements stumbling blocks or, in fact building blocks for a more integrated and successful international economy? In this book, Robert A. Lawrence addresses this question and explains both sides of the debate. A volume of Brookings' Integrating National Economies Series
Author : Riccardo Faini
Publisher : Springer
Page : 259 pages
File Size : 50,22 MB
Release : 1997-07-13
Category : Business & Economics
ISBN : 1349255025
The book deals with both the short and the long-run effects of the Uruguay Round: the reduction in the obstacles to trade, the enlargement of the multilateral system, the new institutional framework and the balance between regionalism and multilateralism in world trade relations. Its conclusions are based on theory, political economy and empirical analysis.
Author : L. Alan Winters
Publisher :
Page : 0 pages
File Size : 33,9 MB
Release : 1986
Category :
ISBN :
Author : Patrick Low
Publisher : Cambridge University Press
Page : 743 pages
File Size : 50,32 MB
Release : 2009-02-19
Category : Business & Economics
ISBN : 0521506018
A collection of revised papers from the 'Multilateralizing Regionalism' conference, held at the WTO in September 2007.