Efficiency of Free Trade Areas and Regional Trade Agreements as Mechanisms of Overcoming Financial Crisis
نویسندگان
چکیده
منابع مشابه
Regional Trade Agreements: Effects on Trade
positive or negative effects on trade depending on their design and implementation. Analysis in this chapter confirms that gains from a preferential trade agreement cannot be taken for granted; moreover, even in agreements with positive impacts on average incomes, not all members are assured of increases. The interesting policy question then is not whether RTAs are categorically good or bad, bu...
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The negotiation and construction of a Regional Trade Agreement (RTA) bears the elements of its future success. The agreement identifies the relative strength of the countries involved and the long-term internal functioning of the agreement. A comparison between the NAFTA and Mercosur RTAs highlights this concept. NAFTA appears to indicate the clear range of possibilities to the US, Canada and M...
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This paper is concerned with the sustainability of free-trade areas. I begin with an FTA that is formed as a political equilibrium and examine conditions under which the FTA is sustainable, i.e., governments do not leave it. The sustainability of the FTA is in°uenced by governments' valuation on political contributions, discount factors, the lobbying position of the speci ̄c-interest group in in...
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Some economists worry about the ‘spaghetti bowl phenomenon’ expected from proliferating regional trade agreements (RTAs). In particular, the complicated web of hub-and-spoke type of overlapping free trade agreements (FTAs) can result in high costs for verifying rules of origin (RoO) and trade diversion or suppression effects. This explains why almost half of the RTAs notified to the General Agr...
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ژورنال
عنوان ژورنال: JOURNAL OF INTERNATIONAL STUDIES
سال: 2009
ISSN: 2071-8330,2306-3483
DOI: 10.14254/2071-8330.2008/2-1/17