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Trade Blocs
Economics and Politics

$29.00 USD

Part of Japan-US Center UFJ Bank Monographs on International Financial Markets

  • Date Published: December 2007
  • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • format: Adobe eBook Reader
  • isbn: 9780511343193

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  • Despite the successes achieved in liberalizing trade by multilateral trade negotiations sponsored by the World Trade Organization (WTO), numerous countries have separately negotiated preferential trade treaties with one another. Representing a significant departure from the WTO's central principle of non-discrimination among member countries, preferential trade blocs are the subject of an intense academic and policy debate. The first section of this 2005 book presents a rudimentary and intuitive introduction to the economics of preferential trade agreements. The following chapters present the author's theoretical and empirical research on a number of questions surrounding the issue of preferential trade agreements including the design of necessarily welfare-improving trade blocs, the quantitative (econometric) evaluation of the economic (welfare) impact of preferential trade liberalization, and the impact of preferential trade agreements and the multilateral trade system.

    • Analysis of why trade blocs form, how they operate and what their consequences are
    • Author is internationally recognized young expert on the subject
    • Can be used in advanced law and political science courses as well as economics as supplementary text
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    Product details

    • Date Published: December 2007
    • format: Adobe eBook Reader
    • isbn: 9780511343193
    • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • Table of Contents

    1. Introduction and overview:
    1.1 Research objectives
    1.2 Outline
    2. The economics of preferential trade areas:
    2.1 Trade creation and trade diversion
    2.2 Revenue transfer effects
    3. Necessarily welfare improving preferential trade areas:
    3.1 Customs unions
    3.2 Non-economic objectives
    3.3 Free trade areas
    3.4 Implementation
    4. Geography and natural trading partners:
    4.1 Modeling preferential trade liberalization: theory
    4.2 Modeling preferential trade liberalization: econometrics
    4.3 Data and estimation results
    5. Preferential trade agreements and multilateralism.

  • Author

    Pravin Krishna, The Johns Hopkins University

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