Regionalism, Multilateralism, and Deeper Integration
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
1 online resource (189 p.)
9780815722991, 0815722990
1351204034
Cover
Contents
1. Introduction
Regional Arrangements: Building Blocks or Stumbling Blocks?
Theory and Experience
New Features
Clarifications
2. Globalization and the Demand for Deeper Integration
Developed Countries
Developing Countries
Implications
3. The Impact of Regional Arrangements
Customs Union and the Theory of the Second Best
Implications
Deeper Integration and Regional Arrangements
4. System Dynamics
Market Power
Capture
Political Support
System Rules
Customs Unions versus Free Trade Areas 5. European Regional Arrangements
The Single Market
Impact on Outsiders
Conclusion
6. North America and Beyond
Canada-U.S. Free Trade Agreement
NAFTA
7. Asia and the Pacific
Market-Led Integration
Support for GATT
Skepticism about Regionalism
APEC: Four Adjectives in Search of a Noun?
Conclusion
8. Rules for Preferential Trading Arrangements
The GATT Rules
Strengthening GATT Rules and Enforcement
9. Conclusion
Comments
Louka T. Katseli
Yung Chul Park
Appendix
References
Index
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D
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I
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K L
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O
P
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W
Y
Z
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