MERCOSUR'S LABYRINTH AND WORLD REGIONALISM

Regionalism and the World Trading System

Increasing economic integration has been one of the major forces driving the world economy's impressive growth over the last fortyfive years. Today, however, more than at any time since World War 11, the future of the world trading system is in doubt. Ironically, just as the Soviet Union, Eastern ~ u r o ~ e , and many developing countries rush to join the General Agreement on Tariffs and Trade...

“Regionalism In A Globalizing World: An Asia-Pacific Perspective”

Somewhat incongruously, as global economic integration progressed the trend towards regionalism also strengthened. This paper introduces readers to the contemporary wave of regionalism. It delves into the principle characteristics of the second wave of regionalism, how it is different from the first and what is its texture. It focuses on regionalism in the Asia-Pacific region, which was slow to...

Regionalism and Growth

Small Countries and Regionalism

The number of regional trade agreements has nearly doubled in the last four years. Interestingly, relatively small countries have put enormous effort into joining regional agreements with larger countries during this period. In this paper, we address the following question: why are small countries so eager to be a part of these agreements? We construct a general equilibrium model of a natural t...

Labyrinth and Equilibrium

1. A dogfish from which all six ampullae have been removed maintains its equilibrium; the righting reactions occur promptly; compensatory movements of the eyes occur in response to rotations in all planes except the horizontal; the compensatory position of the eyes is retained if the animal is held in an abnormal position. Both the static and dynamic functions of equilibrium continue, therefore...