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Economic Analysis Of Regional Trading Arrangements

Economic Analysis Of Regional Trading Arrangements

Richard Pomfret

Edited by Richard Pomfret, University of Adelaide, Australia

2003 608 pp Hardback 978 1 84376 128 0

Hardback £180.00 on-line price £162.00

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Series: The International Library of Critical Writings in Economics series






Description
A feature of the global economy over the last half-century has been the proliferation of regional trading arrangements (RTAs) and the ongoing debate over the relationship between regionalism and multilateralism. The economic analysis of regionalism has increasingly come to focus on fundamental elements of international economics.

The economic analysis of RTAs evolved substantially following Viner’s key insight, which highlighted the possibility of trade diversion. During the 1980s and 1990s the analysis broadened to include trade-related issues and other areas. The debate currently thrives as the European Union expands eastwards, the USA looks to strengthen hemispheric relations, and East Asian countries consider regional arrangements more seriously after the 1997 regional crisis.

Contents
29 articles, dating from 1950 to 2000 Contributors include: R. Baldwin, M. Corden, W. Ethier, M. Kemp, P. Krugman, R. Lipsey, R. Mundell, A. Panagariya, J. Viner, L.A. Winters

Further information

A feature of the global economy over the last half-century has been the proliferation of regional trading arrangements (RTAs) and the ongoing debate over the relationship between regionalism and multilateralism. The economic analysis of regionalism has increasingly come to focus on fundamental elements of international economics.

The economic analysis of RTAs evolved substantially following Viner’s key insight, which highlighted the possibility of trade diversion. During the 1980s and 1990s the analysis broadened to include trade-related issues and other areas. The debate currently thrives as the European Union expands eastwards, the USA looks to strengthen hemispheric relations, and East Asian countries consider regional arrangements more seriously after the 1997 regional crisis.

This volume is a careful selection of the major contributions to the economic analysis of RTAs. It will be a valuable reference source for students, policymakers and academics.

Full table of contents

Contents:
Acknowledgements
Introduction Richard Pomfret
PART I VINERIAN CUSTOMS UNION THEORY
1. Jacob Viner (1950), ‘The Economics of Customs Unions’
2. R.G. Lipsey (1960), ‘The Theory of Customs Unions: A General Survey’
3. Harry G. Johnson (1960), ‘The Economic Theory of Customs Union’
4. C.A. Cooper and B.F. Massell (1965), ‘A New Look at Customs Union Theory’
PART II OUTSIDE THE MAINSTREAM
5. Murray C. Kemp and Henry Y. Wan, Jr. (1976), ‘An Elementary Proposition Concerning the Formation of Customs Unions’
6. Eitan Berglas (1979), ‘Preferential Trading Theory: The n Commodity Case’
7. Paul Wonnacott and Ronald Wonnacott (1981), ‘Is Unilateral Tariff Reduction Preferable to a Customs Union? The Curious Case of the Missing Foreign Tariffs’
PART III EXTENSIONS
A Terms of Trade
8. Robert A. Mundell (1964), ‘Tariff Preferences and the Terms of Trade’
9. Richard Blackhurst (1972), ‘General Versus Preferential Tariff Reduction for LDC Exports: An Analysis of the Welfare Effects’
10. Richard Pomfret (1986), ‘The Theory of Preferential Trading Arrangements’
B Scale Economies
11. W.M. Corden (1972), ‘Economies of Scale and Customs Union Theory’
C Technical Efficiency
12. Richard E. Baldwin (1992), ‘Measurable Dynamic Gains from Trade’
PART IV THE NEW REGIONALISM
13. David Cox and Richard Harris (1985), ‘Trade Liberalization and Industrial Organization: Some Estimates for Canada’
14. Alasdair Smith and Anthony J. Venables (1988), ‘Completing the Internal Market in the European Community: Some Industry Simulations’
15. Anne O. Krueger (1999), ‘Free Trade Agreements as Protectionist Devices: Rules of Origin’
16. L. Alan Winters (1999), ‘Regionalism vs. Multilateralism’
17. Arvind Panagariya (2000), ‘Preferential Trade Liberalization: The Traditional Theory and New Developments’
PART V POLITICAL ECONOMY AND TIME INCONSISTENCY
18. Wilfred J. Ethier (1998), ‘Regionalism in a Multilateral World’
19. Philip I. Levy (1997), ‘A Political-Economic Analysis of Free-Trade Agreements’
20. Kyle Bagwell and Robert W. Staiger (1997), ‘Multilateral Tariff Cooperation During the Formation of Customs Unions’
PART VI THE OPTIMAL NUMBER OF BLOCS AND OPTIMAL SIZE OF NATIONS
A Optimal Number of Blocs
21. Paul R. Krugman (1991), ‘Is Bilateralism Bad?’
22. Lawrence H. Summers (1991), ‘Regionalism and the World Trading System’
B Optimal Size of Nations
23. Alberto Alesina, Enrico Spolaore and Romain Wacziarg (2000), ‘Economic Integration and Political Disintegration’
24. Dani Rodrik (2000), ‘How Far Will International Economic Integration Go?’
C Home Bias
25. John McCallum (1995), ‘National Borders Matter: Canada-U.S. Regional Trade Patterns’
26. John F. Helliwell (1996), ‘Do National Borders Matter for Quebec’s Trade?’
27. Charles Engel and John H. Rogers (1996), ‘How Wide is the Border?’
D Regionalization and Sub-Regional Zones
28. Detlef Lorenz (1991), ‘Regionalisation versus Regionalism – Problems of Change in the World Economy’
29. Richard Pomfret (1996), ‘Sub-regional Economic Zones’
Name Index



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