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The regionalization of the world economy

Author: Jeffrey A Frankel
Publisher: Chicago : University of Chicago Press, ©1998.
Series: National Bureau of Economic Research project report.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalisation has some economists optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade. Including both empirical and theoretical studies, this  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Regionalization of the world economy.
Chicago : University of Chicago Press, ©1998
(DLC) 97015325
(OCoLC)36806657
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Jeffrey A Frankel
ISBN: 9780226260228 0226260224
OCLC Number: 212415959
Description: 1 online resource (ix, 285 pages) : illustrations.
Contents: Determinants of bilateral trade: does gravity work in a neoclassical world? / Alan V. Deardorff; comment / Jeffrey H. Bergstrand ; Gene M. Grossman --
Role of history in bilateral trade flows / Barry Eichengreen and Douglas A. Irwin; comment / Robert Lawrence ; Paul Wonnacott --
Why do countries seek regional trade agreements? / John Whalley; comment / Eric W. Bond ; Dani Rodrik --
Continental trading blocs : are they natural or supernatural / Jeffrey A. Frankel, Ernesto Stein, and Shang-Jin Wei ; comment / Paul Krugman ; T.N. Srinivasan --
Welfare implications of trading blocs among countries with different endowments / Antonio Spilimbergo and Ernesto Stein; comment / Jon Haveman ; Edward E. Leamer --
Regional patterns in the law of one price : the roles of geography versus currencies / Charles Engel and John H. Rogers; comment / Kenneth A. Froot ; Michael Knetter --
Regionalization of world trade and currencies : economics and politics / Jeffrey A. Frankel and Shang-Jin Wei ; comment / David Hummels ; Philip I. Levy --
Tariff phase-outs : theory and evidence from GATT and NAFTA / Carsten Kowalczyk and Donald Davis; comment / Arvind Panagariya and Robert W. Staiger.
Series Title: National Bureau of Economic Research project report.
Responsibility: edited by Jeffrey A. Frankel.

Abstract:

Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalisation has some economists optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade. Including both empirical and theoretical studies, this volume addresses several questions: Why do countries adopt FTAs and other regional trading arrangements? To what extent have existing regional arrangements actually affected patterns of trade? What are the welfare effects of such arrangements?

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