This paper reviews the theoretical and empirical literature on regionalism. The formation of regional trade agreements has been, by far, the most popular form of reciprocal trade liberalization in the past 15 years. The discriminatory character of these agreements has raised three main concerns: that trade diversion would be rampant, because special interest groups would induce governments to form the most distortionary agreements; that broader external...
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INFORMATION
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2010/05/01
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Document de travail de recherche sur les politiques
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WPS5314
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1
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1
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2010/07/01
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Disclosed
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Regional trade agreements
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external tariff
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