MERCOSUR’s Labyrinth and World Regionalism
AbstractRegional trade agreements are more likely to produce negative effects on nonmembers the larger and the more protected they are. Because MERCOSUR countries are efficient producers of the most protected products in the world –agricultural and agro-industrial products-, these countries suffer particularly from other countries regional agreements. Finally, these costs are likely to increase with the number of regional agreements in which they are not members. The arguments and estimates presented in this paper support these assertions.
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Bibliographic InfoPaper provided by EconWPA in its series International Trade with number 0502004.
Length: 9 pages
Date of creation: 08 Feb 2005
Date of revision:
Note: Type of Document - doc; pages: 9
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Mercosur; Trade diversion; Agricultural protection;
Other versions of this item:
- Julio Nogués, 2003. "Mercosur's Labyrinth and World Regionalism," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 40(121), pages 452-459.
- F1 - International Economics - - Trade
- F2 - International Economics - - International Factor Movements and International Business
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Goto, Junichi, 1997. "Regional economic integration and agricultural trade," Policy Research Working Paper Series 1805, The World Bank.
- Tamim Bayoumi & Barry J. Eichengreen, 1995.
"Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA,"
IMF Working Papers
95/109, International Monetary Fund.
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- Bayoumi, Tamim & Eichengreen, Barry, 1995. "Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA," CEPR Discussion Papers 1294, C.E.P.R. Discussion Papers.
- Tamim Bayoumi & Barry Eichengreen, 1995. "Is Regionalism Simply a Diversion? Evidence From the Evolution of the EC and EFTA," NBER Working Papers 5283, National Bureau of Economic Research, Inc.
- Gupta, Anju & Schiff, Maurice, 1997. "Outsiders and regional trade agreements among small countries : the case of regional markets," Policy Research Working Paper Series 1847, The World Bank.
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