regional integration appears to have displaced the multilateral process as a means of liberalising trade in the world economy. Does the pursuit of regional agreements undermine the multilateral process of trade liberalisation embodied in the GATT? In this paper we develop a theoretical framework exploring the optimal size of trade blocs.
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Paper provided by New South Wales - School of Economics in its series Papers with number
96/11.
Length: 25 pages Date of creation: 1996 Date of revision: Handle: RePEc:fth:nesowa:96/11
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