Regional Trading Blocs in the Global Economy

This book traces the relationship between the EU and ASEAN, considering the current and future position of trade relations.

Regional Trading Blocs in the Global Economy

The Asia–Pacific Rim is still potentially one of the most dynamic areas of the global economy, and the European Union (EU) is the world’s most prosperous market. The development of relations between the EU and Association of South East Asian Nations (ASEAN) is vitally important for the future economic evolution of both regions. This book traces the relationship between the EU and ASEAN, considering the current and future position of trade relations.

Regional Trading Blocs in the World Economic System

This book explores whether the world economy is breaking up into regional trading and currency blocs centred on the European Community, Japan and the United States. Frankel uses trade, investment and financial data to assess this issue.

Regional Trading Blocs in the World Economic System

This book explores whether the world economy is breaking up into regional trading and currency blocs centred on the European Community, Japan and the United States. Frankel uses trade, investment and financial data to assess this issue. He concludes with an analysis of how trends in regional economic integration can be used as building blocks for a stronger multilateral system.

Regional Blocs

The growing emergence of regional trading blocs may reinforce regional strategies of MNEs as opposed to global strategies. Inadequate language skills and low level of awareness of world conditions may also encourage US companies to ...

Regional Blocs

A topical study of regional arrangements covering ASEAN, SAARC and APEC in Asia, NAFTA and MERCOSUR in the Americas, SADC, SACU and ECOWAS in Africa, and the European Union, EFTA and Eastern Europe. The book argues that foreign direct investment is complementary to trade and most regional arrangements can create trade and induce growth so long as they remain open and non-discriminatory. But they could also become stumbling blocks to globalization. The book demonstrates how US and EU trade policy will be crucial in shaping the world economy.

Financial Crisis Management in Regional Blocs

... although he points out that the Swiss currency and financial markets would be differently affected. In the concluding article of this part, “Exchange Rate and Economic Policy in Three Regional Blocks: The EU, the GCC and the CFA,” ...

Financial Crisis Management in Regional Blocs

Financial crises have occurred throughout history, resulting in the loss of national and international public and personal wealth, creating political uncertainty and shaking the foundations of the national, regional and international economic and social order. This book provides answers to the basic questions of what could have caused some of the more recent regional financial crises, what their key characteristics were, how they could have been prevented, what lessons national governments, central bankers and the International Monetary Fund (IMF) have learned and how such crises could be prevented in the future. The authors include current and former cabinet members of national governments, central bankers, IMF officials, scholars and practicing economists in both national and multilateral organizations, all of whom have either participated in the management of the various types of financial crises they analyze and discuss and/or have made major contributions to their understanding, including recommendations of how they could be avoided in the future.

The Political Importance of Regional Trading Blocs

This title was first published in 2000. This text addresses concerns about regional trade agreements.

The Political Importance of Regional Trading Blocs

This title was first published in 2000. This text addresses concerns about regional trade agreements. From a variety of political and economic angles, it explains the emergence of trade blocs, their internal policies and politics, and their effects on global trade. It does not provide sequential descriptions and analyses of each of the world's major trading blocs. The focus here is on a number of causal factors that help explain the emergence of trading blocs and the development of their relations to and effects on the multilateral trading system. In each chapter, attempts have been made to draw theoretical and case-based generalizations that may apply to other trade blocs than the used in the empirical analyses.

How Regional Trade Blocs affect Liberalisation of International Trade

3 2.1 Trade blocs as stumbling blocks to liberalisation of trade.................................................... 5 2.2 Regional ... 6 2.3 Regional trading blocs and political stability, democratic development and security issues.

How Regional Trade Blocs affect Liberalisation of International Trade

Bachelor Thesis from the year 2011 in the subject Business economics - Trade and Distribution, grade: B+, Stanford University, language: English, abstract: A trade bloc is a preferential trade agreement between a range of nations, aimed at significantly reducing or removing trade barriers within the member states. Regional trade blocs are formed by neighbouring countries or countries that are in close proximity to each other. The two key features of a trade bloc is that (1) it involves a cutback or abolition of obstacles to trade, and (2) the trade liberalisation that is attained through the trade bloc is discriminatory in purview of the fact that it is applicable only to the member states of the trade bloc and non-member countries are shown prejudice in their dealings with members of the trade bloc. The first aspect of trade blocs above is in line with the mission of the World trade Organisation (WTO) and its antecedent, the General Agreement on Tariffs and Trade (GATT). The principle of Non-discrimination under the GATT stipulates that no member state shall show prejudice between GATT members during the operations of world trade. In the same magnitude, the WTO offers an environment for negotiating agreements that are focused on reducing barriers to international trade and making sure that trade is carried out on a basis of openness, thus contributing to economic growth as well as development. Notably, although trade blocs have different structures, they are premised on the same objective, that is, to lessen trade barriers among member states. The second aspect of trade blocs however seems to be in conflict with the motive of the GATT/WTO system. The preamble of the GATT is very clear on promoting non-discrimination in international trade by reinforcing the need for reciprocal and equally advantageous arrangements focused on substantial cutbacks in tariffs and other obstacles to trade and to the abolition of discriminatory treatment in international trade. Equally, under the WTO as well as under its predecessor, the GATT, trade discrimination is promoted through the use of the principles of the Most-Favoured-Nation (MFN) that requires treatment of other people equally as pertains to trade and the principle of National Treatment which stipulates that foreigners and locals should be treated equally in trade matters. The above overview of regional trading blocs implies that different opinions can be stated regarding how trading blocs affect liberalisation of trade. [...]

Trading Blocs

The two ap- proaches offer different conjectures about how trading blocs affect regional relations with the rest of the world, but they do not address how external policies are determined endogenously in the political systems of the ...

Trading Blocs

Global commerce is rapidly organizing around regional trading blocs in North America, Western Europe, Pacific Asia, and elsewhere--with potentially dangerous consequences for the world trading system. Professor Kerry Chase examines how domestic politics has driven the emergence of these trading blocs, arguing that businesses today are more favorably inclined to global trade liberalization than in the past because recent regional trading arrangements have created opportunities to restructure manufacturing more efficiently. Trading Blocs is the first book to systematically demonstrate the theoretical significance of economies of scale in domestic pressure for trading blocs, and thereby build on a growing research agenda in areas of political economy and domestic politics. "Chase has written a superb book that provides us with an innovative and compelling explanation for the development of trading blocs." --Vinod Aggarwal, Director, Berkeley APEC Study Center, University of California, Berkeley Kerry A. Chase is Assistant Professor of Political Science at Tufts University.

Trade Blocs

The clearest example of regional solidarity with the objective of getting noticed is the Caribbean Community and Common Market ( CARICOM ) , the alliance of small ... groups such as the Cairns Group , or through regional blocs .

Trade Blocs

An examination of recent trends and shifts in trade policies, this study looks at the seemingly contradictory movements toward regionalism and integration.

Regional Integration and the Multilateral Trading System

Indeed, one cannot neglect the fact that part of the reason for some countries' support for GATT stems from a fear of regional blocs. In reality, it is not just regional blocs but also the unilateral tendencies of individual GATT ...

Regional Integration and the Multilateral Trading System


European Bloc Imperialism

Some Theoretical Considerations Regional Blocs The literature on regional blocs or regionalism in the current debate on globalization has never come to terms with the phenomenon of a hegemonic country paving the way for a regional bloc ...

European Bloc Imperialism

The US forced the EU to liberalize the Lomé Conventions, but the EU fired back with the EPAs, characterized by supposedly free market policies but which in reality yokes the ACP countries trade to the EU and excludes the US.

World Trade and Development

This Volume Is Expected To Fill Up The Research Gap In This Important Area And Would Be Of Considerable Benefit To Policy Makers In Different Trading Countries Whether Belonging Or Not To Any Trading Bloc.

World Trade and Development

World Trade And Development: Economic Integration, Regional Blocs And Non-Members Is An Edited Volume Of Research Articles Dis¬Tributed Over Three Parts. Economic Integration : Theoretical And Other Issues Is The Theme Of The Part A And Consists Of Five Articles By K.C. Roy, C.A. Tisdell, J.C.H. Chai, K.P. Kalirajan, R.T. Shand And J.C. Debnath. Part B Deals With European Economic Integration And The Indian Sub-Continent And Five Articles In This Part Are Authored By S.N. Guha Thakurata, Debesh Bhowmik, Supriyo Bhattacharya, Santikumar Ghosh, Bipul Malakar & Haripada Bhattacharya. The Last Part On Economic Integration, Economic Adjustment And Trade : Other Countries Has Three Articles By Z. Gao, C.A. Tisdell, B.C. Prasad And Raj Kumar Sen. Quite A Few Of These Articles Were Presented In The Eds 1St International Seminar On Recent Integration & Transformation Of European Economies And Their Impact On India And Other Lies . A Rapporteur S Report On This Session Is Also Included In The Appendix. This Volume Is Expected To Fill Up The Research Gap In This Important Area And Would Be Of Considerable Benefit To Policy Makers In Different Trading Countries Whether Belonging Or Not To Any Trading Bloc.

How Regional Blocs Affect Excluded Countries

Price data on exports to Brazil from countries excluded from MERCOSUR show that preferential trading agreements hurt nonmember countries by compelling them to reduce their prices to meet competition from suppliers within the regional ...

How Regional Blocs Affect Excluded Countries

Price data on exports to Brazil from countries excluded from MERCOSUR show that preferential trading agreements hurt nonmember countries by compelling them to reduce their prices to meet competition from suppliers within the regional trading bloc.

Trading Blocs

First , other things being equal , will the formation of regional trading blocs within a multilateral system tend to lead to lower or higher barriers to trade between blocs ? Second , is the rise of regional trading blocs a second ...

Trading Blocs

The recent proliferation of free trade areas and customs unions in the world trading system has led to a revival of interest in the economic analysis of Preferential Trade Agreements (PTAs). The principal theoretical question of the 1950s and 1960s (Viner) was whether PTAs encourage or discourage the worldwide nondiscriminatory freeing of trade. The essays in this volume present the central contributions to the analytical approaches developed to examine these questions. -- Provided by publisher.

Regional Trade Blocs Multilateralism and the GATT

The contributions to this broad-ranging volume provide a political economy and policy-analysts' perspective on the potential conflict between regional economic integration and multilateral international trade at the end of the Uruguay Round ...

Regional Trade Blocs  Multilateralism and the GATT

A distinctive feature of the contemporary world economy is the coexistence of regional trade blocs alongside multilateral trade agreements. At first sight, the principle inherent in regional trade blocs of preferential treatment for member states runs counter to the maxim of non-discrimination at the heart of GATT. The current debate can be traced back to the Second World War and the immediate postwar period. At that time American foreign economic policy-makers firmly believed that regional trade blocs, in tandem with international trade liberalisation, would eventually lead to the adoption of a multilateral trade regime throughout the world economy. Regional trade blocs, therefore, would eventually be consigned to economic history. However, the history of the Common Market/European Community attests to the enduring nature of regional trade blocs, as does the creation of NAFTA and ASEAN. The contributions to this broad-ranging volume provide a political economy and policy-analysts' perspective on the potential conflict between regional economic integration and multilateral international trade at the end of the Uruguay Round. It will be of interest to all those concerned with issues of international trade and integration.

Open Regionalism in a World of Continental Trade Blocs

SUMMARY Like a wild fire , regional trade blocs is quickly spreading around the world . There are three importarzt features of the current wave of regionalization . First , almost every country belongs to at least one trade bloc .

Open Regionalism in a World of Continental Trade Blocs

Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to satisfy the McMillan criterion of not lowering trade volume with outside countries, they have to engage in a dramatic reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of simultaneous continental trade blocs, an open regionalism in which trade blocs undertake relatively modest external liberalization can usually produce Pareto improvement.

Trade Blocs

Trade Blocs? sets forth the latest thinking about regionalism. Alasdair Smith summarizes strategic trade theory applicable to regional integration, focusing on imperfect competition and growth.

Trade Blocs

Regionalism has gained a new prominence with the creation of the NAFTA and APEC and the enlargement and deepening of the EC. Divergent views fuel the debate over whether regional integration is beneficial and whether it advances or slows global integration through GATT. Trade Blocs? sets forth the latest thinking about regionalism. Alasdair Smith summarizes strategic trade theory applicable to regional integration, focusing on imperfect competition and growth. Jim Rollo addresses enlargement in relation to the newly liberalizing economies of Eastern Europe. Masami Yoshida, Ichiro Akimune, Masayuki Mohara and Kimitoshi Sato trace Asian regionalism, which works despite the absence of formal intergovernmental structures. Regional integration is now concerned with much more than trade. Stephen Thomsen looks at evolving corporate structures and investment. Benn Steil illustrates the dilemmas of harmonization in the financial services sector. David Currie and John Whitley discuss the benefits of closer European economic union, in particular, greater policy convergence. Finally, David Henderson puts the whole 'trade blocs' debate into a wider policy perspective.

The Global Emerging Market

The economic necessity of external business integration makes regional blocs intensify cooperation with countries that do not have mutual borders with the bloc and are even on different continents. Such integration between regional ...

The Global Emerging Market

Despite the growing importance of the global emerging market (GEM) for the world’s business, economies, and politics, it has received a relatively scant amount of academic attention in business and economics courses. This textbook is the first to focus on the GEM and its strategic and economic characteristics. The Global Emerging Market: Strategic Management and Economics describes the fundamental economic base and trends of the global marketplace (GMP) as well as business and management development for the conditions of emerging-market countries (EMCs). Focusing on the formation of a strategic mindset and the decision making process, it explains how to analyze the basic economic factors and the global order, especially in times of crisis. This text also explains how to classify countries related to this new market of tremendous opportunities. Furthermore, the book includes recommendations on how to develop entry and exit strategies for the GEM, work in it and create efficient management systems. Features include: Extensive tables, charts, and graphs illustrating the strategic considerations of the GMP and the GEM End-of-chapter study questions Practical examples based on the author’s involvement in the development of the GEM, from both sides of the international transactions This academic book is the ideal guide for current business leaders and students on how to make strategic, symmetric, and asymmetric time-sensitive decisions related to the GEM.