Will the current wave of regional integration arrangements lead to the world being divided into competing inward-looking trading blocs? Or will it lead to a more open multilateral trading system? Using a multi-country political economy model, and after having shown that global free trade is optimal, the author investigates the possibility of achieving it through regionalism. An outsider country considering entering a trading bloc must weight the tradeoff...
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INFORMATION
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1999/05/31
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Document de travail de recherche sur les politiques
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WPS2117
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1
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1
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2010/07/01
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On the size and number of regional integration arrangements - a political economy model
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global free trade
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