IDEAS home Printed from https://ideas.repec.org/h/pal/intecp/978-1-349-26084-3_3.html
   My bibliography  Save this book chapter

The Political Economy of International Trading Arrangements: A Survey

In: Contemporary Economic Issues

Author

Listed:
  • Robert E. Baldwin

    (University of Wisconsin-Madison)

Abstract

One of the most significant developments in the international trading system in recent years has been the increase in the number of regional trading arrangements and the expansion in the membership of existing agreements. For example, in the western hemisphere, the United States which had long followed a policy of not participating in such arrangements, formed free trade agreements with Israel in 1985, with Canada in 1988, and jointly with Canada and Mexico in 1993 — the North American Free Trade Agreement (NAFTA). NAFTA members are now negotiating with Chile for its admission to the agreement and, at a 1994 summit of the leaders of most western hemisphere countries, it was decided to negotiate a free-trade arrangement among the countries of the North and South America by 2005. Another recent integration agreement in the western hemisphere is the customs union among Argentina, Brazil, Paraguay and Uruguay (MERCOSUR), which formally came into operation on 1 January 1995. Countries such as Bolivia, Chile, Columbia, Ecuador, Peru and Venezuela are currently considering the possibility of joining MERCOSUR. Older regional arrangements such as the Central American Common Market and the Andean Group have also been revitalized to some extent in recent years.

Suggested Citation

  • Robert E. Baldwin, 1998. "The Political Economy of International Trading Arrangements: A Survey," International Economic Association Series, in: Daniel Cohen (ed.), Contemporary Economic Issues, chapter 3, pages 44-64, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-26084-3_3
    DOI: 10.1007/978-1-349-26084-3_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:intecp:978-1-349-26084-3_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.