IDEAS home Printed from https://ideas.repec.org/a/bla/reviec/v13y2005i3p472-484.html
   My bibliography  Save this article

Trade Agreements as Self-Protection

Author

Listed:
  • Jennifer Pédussel Wu

Abstract

Risks that are associated with an uncertain trading world have been dealt with using two different techniques in the literature: defensive, or insurance approaches, and preventive, or self-protection approaches. Much of the earlier work centered on security issues but with the end of the Cold War attention turned toward preventive approaches. This paper argues that the incentive for loss prevention leads to some form of cooperative regional integration. Inclusion of uncertainty positively contributes to the overall customs union literature. The optimal level of integration, political or economic, is found and then simple comparative statics are used to discern the effects of some changes in the underlying parameters of the economy on that optimal level of integration. Multilateralism and regionalism are concluded to be complements. Copyright Blackwell Publishing Ltd 2005..

Suggested Citation

  • Jennifer Pédussel Wu, 2005. "Trade Agreements as Self-Protection," Review of International Economics, Wiley Blackwell, vol. 13(3), pages 472-484, August.
  • Handle: RePEc:bla:reviec:v:13:y:2005:i:3:p:472-484
    as

    Download full text from publisher

    File URL: http://www.blackwell-synergy.com/links/doi/10.1111/j.1467-9396.2005.00518.x
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ravinder Rena, 2008. "WTO and Agricultural Trade – Some Issues and Perspectives," KASBIT Business Journals, Khadim Ali Shah Bukhari Institute of Technology (KASBIT), vol. 1, pages 49-60, December.
    2. Pédussel Wu, Jennifer & Qari, Salmai & Banach, Clark & Azarhoushang, Behzad, 2017. "A database for investigating foreign direct investment and regional trade," IPE Working Papers 94/2017, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    3. Elie Appelbaum & Mark Melatos, 2014. "Option Values and the Choice of Trade Agreements," Working Papers 2014_1, York University, Department of Economics.
    4. Elie Appelbaum & Mark Melatos, 2012. "How Does Uncertainty Affect the Choice of Trade AgreementsF," Working Papers 2012_1, York University, Department of Economics.
    5. Elie Appelbaum & Mark Melatos, 2016. "How Can Uncertainty Affect the Choice of Trade Agreements?," The Economic Record, The Economic Society of Australia, vol. 92(297), pages 153-172, June.

    More about this item

    Statistics

    Access and download statistics

    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:bla:reviec:v:13:y:2005:i:3:p:472-484. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0965-7576 .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.