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What Caused the Resurgence of Regionalism?

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  • Richard E. Baldwin

Abstract

This paper argues that the stark contrast between the ease of regional liberalisation and the glacial pace of GATT talks does not reflect a GATT failure or the US's conversion from devoted multilateralist to ardent regionalist. GATT Rounds have always been long, have always been slow and have always been difficult. Indeed it does not even reflect a systemic phenomenon. I propose that the current wave of regionalism stems from two idiosyncratic events - one in the New World and one in the Old - that have been multiplied many times over by a domino effect.

Suggested Citation

  • Richard E. Baldwin, 1995. "What Caused the Resurgence of Regionalism?," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 131(III), pages 453-463, September.
    • Handle: RePEc:ses:arsjes:1995-iii-11
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    1. Richard Baldwin, 1993. "A Domino Theory of Regionalism," NBER Working Papers 4465, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Foders, Federico, 1996. "MERCOSUR: A new approach to regional integration?," Kiel Working Papers 746, Kiel Institute for the World Economy (IfW Kiel).

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