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World Trade Liberalisation Since The Xixth Century Up To Date

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  • Cristian SPIRIDON

    () (Doctoral School of Economics, Faculty of Economics and Business Administration, “Alexandru Ioan Cuza” University of Iasi)

Abstract

The present paper aims to disseminate how liberalisation processes were conducted around the globe and especially in Europe since the XIXth century up to date. The research objective is to review the liberalisation of trade dynamics and create an image of the architecture of the most important trading blocs. Analysis will be conducted considering the three major regional blocs: Europe, North America and East Asia. The main findings will show that, despite the few mutations that occurred in international trade as a result of the emergence of developing nations as major trade partners, the European Union and the United States remain the economic and trade hegemons.

Suggested Citation

  • Cristian SPIRIDON, 2012. "World Trade Liberalisation Since The Xixth Century Up To Date," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 9, pages 205-216, June.
  • Handle: RePEc:aic:revebs:y:2012:i:9:spiridonc
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    References listed on IDEAS

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    1. Eichengreen, Barry & Irwin, Douglas A., 2010. "The Slide to Protectionism in the Great Depression: Who Succumbed and Why?," The Journal of Economic History, Cambridge University Press, vol. 70(04), pages 871-897, December.
    2. Matthieu Bussière & Emilia Pérez‐Barreiro & Roland Straub & Daria Taglioni, 2011. "Protectionist Responses to the Crisis: Global Trends and Implications," The World Economy, Wiley Blackwell, vol. 34, pages 826-852, May.
    3. Miguel Almunia & Agustín Bénétrix & Barry Eichengreen & Kevin H. O'Rourke & Gisela Rua, 2010. "From Great Depression to Great Credit Crisis: similarities, differences and lessons," Economic Policy, CEPR;CES;MSH, vol. 25, pages 219-265, April.
    4. Richard S. Grossman & Christopher M. Meissner, 2010. "International aspects of the Great Depression and the crisis of 2007: similarities, differences, and lessons," Oxford Review of Economic Policy, Oxford University Press, vol. 26(3), pages 318-338, Autumn.
    5. Jong-Eun Lee, 2012. "Macroeconomic determinants of the world trade disputes," Applied Economics, Taylor & Francis Journals, vol. 44(33), pages 4301-4311, November.
    6. Georgios E. Chortareas & Theodore Pelagidis, 2004. "Trade flows: a facet of regionalism or globalisation?," Cambridge Journal of Economics, Oxford University Press, vol. 28(2), pages 253-271, March.
    7. Roy J. Ruffin & Can Dogan, 2012. "Marshall's Scissors: The Gains and Losses from Trade," Review of International Economics, Wiley Blackwell, vol. 20(1), pages 46-58, February.
    8. Zhang Wei, 2011. "Regional trade liberalisation: a theoretical review of dynamic time‐path and stability issues," Asian-Pacific Economic Literature, Asia Pacific School of Economics and Government, The Australian National University, vol. 25(1), pages 1-14, May.
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    More about this item

    Keywords

    financial crisis; European Union; trade blocs; protectionism; regionalism; trade agreements; multilateral negociations;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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