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Market Integration, Regionalism and the Global Economy
 
 
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Market Integration, Regionalism and the Global Economy [Paperback]

Richard Baldwin (Editor), Daniel Cohen (Editor), Andre Sapir (Editor), Anthony Venables (Editor)

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Book Description

August 28, 1999
This is a study of the nature and the policy implications of changes in the global economy in relationship to the process of regional integration, using the newest techniques of economic analysis. The principal message drawn from these analytical and policy insights is that in a world characterized by trade distortions and nonlinearities, regional integration may or may not foster global integration, and may or may not advance regional or global convergence. The key is good economic policy based on sound economic analysis.

Editorial Reviews

Review

'This book is aimed at specialists. Its objective is to contribute to the study of the nature and policy implications of changes taking place in the 'global' economy in relation to trends in international economic integration. ... [It] book will be used by specialists and graduate students as a part of the literature on international economic integration and globalization.' Miroslav N. Jovanovic UN Economic Commission for Europe, Geneva

Book Description

A study of the nature and the policy implication of changes in the global economy in relationship to the process of regional integration, conducted using the newest techniques of economic analysis. The principal message drawn from these analytical and policy insights is that in a world characterised by trade distortions and nonlinearities, regional integration may or may not foster global integration, and may or may not advance regional or global convergence. The key is good economic policy based on sound economic analysis.

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Inside This Book (learn more)
First Sentence:
The literature on 'regionalism vs. multilateralism' is burgeoning as economists and a few political scientists grapple with the question of whether regional integration arrangements (RIAs) are good or bad for the multilateral system as a whole.l Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
efficient trade agreement, tariff pair, foreign local prices, multilateral tariff cooperation, high trade costs, aggregate supply disturbances, political objective function, low labour standards, bilateral correlations, ergodic distribution, multilateral terms, net tariff, efficient tariffs, political support function, preferential agreements, migration intentions, policy vector, representative economy, unemployment differentials, fiscal stabilisation, multilateral liberalisation, convergence clubs, industrial specialisation, efficient agreement, demand disturbances
Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, European Union, Latin America, Cambridge University Press, Discussion Paper, East Asia, United Kingdom, Journal of Economics, Harvard University, World Bank, Princeton University Press, University of Chicago Press, Costa Rica, European Commission, European Community, Hong Kong, New York, Southern Italy, Brookings Papers, Economic Journal, American Economic Review, Labour Force Survey, Single Market, Uruguay Round, Freedom House
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