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Economic Regionalism under the New Conditions

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  • Petko Petkov

Abstract

It is pointed out that integration processes in economic regional unions are deepening and as a result of them a number of unions transfer from inferior into superior ones. The process of establishing new free trade zones is accelerated. Some of them will unite countries from different continents (bi-regionalism). The process of economic regionalism is especially strong in South East Asia and it is possible the biggest mega free trade zone to emerge there in the near future. The number of bi-lateral agreements for establishing free trade zones is increasing too. The competition in the world economy intensifies even more and more.

Suggested Citation

  • Petko Petkov, 2005. "Economic Regionalism under the New Conditions," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 88-108.
    • Handle: RePEc:bas:econth:y:2005:i:3:p:88-108
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    References listed on IDEAS

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    1. Detlef Lorenz, 1991. "Regionalisation versus regionalism— Problems of change in the world economy," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 26(1), pages 3-10, January.
    2. Axel Borrmann & Georg Koopmann, 1994. "Regionalisation and regionalism in world trade," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 29(4), pages 163-170, July.
    3. Diana Brand, 1992. "Regional bloc formation and world trade," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 27(6), pages 274-281, November.
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    More about this item

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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