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The Regionalism Debate: An Overview

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  • Arvind Panagariya

Abstract

The following sections are included:IntroductionDefinitionsWTO Provisions for PTAsHistorical EvolutionEffects on Union MembersVinerian Analysis: Welfare Effects of a Tariff PreferenceTransport Costs and PTAsRules of Origin in FTAsNon-traditional Gains: Guaranteed Market Access, Shelter from Contingent Protection, Locking-in the Reforms and Dispute SettlementImplications for the Global Trading SystemCan PTA Expansion Lead to Global Free Trade?Do PTAs Make Multilateral Liberalization Less Likely?Do PTAs Lead to a Rise in Trade Barriers against Nonmembers?The Spaghetti-Bowl PhenomenonWTO-Illegal Policies in PTAsOpen Regionalism“Deep” IntegrationConclusions: Minimizing the Adverse Effects of PTAsReferences
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Suggested Citation

  • Arvind Panagariya, 1999. "The Regionalism Debate: An Overview," The World Economy, Wiley Blackwell, vol. 22(4), pages 455-476, June.
    • Handle: RePEc:bla:worlde:v:22:y:1999:i:4:p:455-476:a
    DOI: 10.1111/1467-9701.00214
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    JEL classification:

    • F1 - International Economics - - Trade
    • F2 - International Economics - - International Factor Movements and International Business

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