Regional integration is on the rise again, despite its apparent failure among developing countries in the past. The authors survey the ambiguous economies of customs unions, emphasizing that the traditional dichotomy between "trade creation" and "trade diversion" is not particularly helpful for policy. In a world with trade restrictions, regional integration presents certain advantages, including enhanced bargaining power and market access. The authors...
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INFORMATION
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1993/02/28
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Document de travail de recherche sur les politiques
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WPS1094
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1
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1
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2010/07/01
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The new regionalism : a country perspective
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welfare economics