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Trade Liberalization in the Americas: are Regionalism and Globalization Compatible?

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  • David Roland-Holst
  • Dominique van der Mensbrugghe

Abstract

Trade liberalization across the Americas holds the potential to substantially improve living standards and present a successful model of North-South regionalism. In this paper, we use a global CGE model to assess the effects of such an arrangement for both member and non-member economies. We also evaluate a number of other issues, including incentive compatibility of the regional agreement for individual members and its structural compatibility with the larger agenda of global trade liberalization.

Suggested Citation

  • David Roland-Holst & Dominique van der Mensbrugghe, 2003. "Trade Liberalization in the Americas: are Regionalism and Globalization Compatible?," Economie Internationale, CEPII research center, issue 94-95, pages 17-31.
  • Handle: RePEc:cii:cepiei:2003-2q-3qa
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    File URL: http://www.cepii.fr/IE/rev9495/rev9495a.htm
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    References listed on IDEAS

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    1. Lewis, Jeffrey D. & Robinson, Sherman & Wang, Zhi, 1995. "Beyond the Uruguay Round: The implications of an Asian free trade area," China Economic Review, Elsevier, pages 35-90.
    2. Robinson, Sherman & Thierfelder, Karen, 1999. "Trade liberalization and regional integration: the search for large numbers," TMD discussion papers 34, International Food Policy Research Institute (IFPRI).
    3. Robinson, Sherman & Thierfelder, Karen, 2002. "Trade liberalisation and regional integration: the search for large numbers," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 46(4), December.
    4. Sherman Robinson & Andrea Cattaneo & Moataz El-Said, 2001. "Updating and Estimating a Social Accounting Matrix Using Cross Entropy Methods," Economic Systems Research, Taylor & Francis Journals, pages 47-64.
    5. Robinson, Sherman, 1991. "Macroeconomics, financial variables, and computable general equilibrium models," World Development, Elsevier, pages 1509-1525.
    6. Mary E. Burfisher & Sherman Robinson & Karen Thierfelder, 2001. "The Impact of NAFTA on the United States," Journal of Economic Perspectives, American Economic Association, pages 125-144.
    7. Hinojosa-Ojeda, Raul A. & Robinson, Sherman & Lewis, Jeffrey D., 1995. "Regional integration options for Central America and the Caribbean after NAFTA," The North American Journal of Economics and Finance, Elsevier, pages 121-148.
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    More about this item

    Keywords

    General Equilibrium Model; Regional Integration; Trade Regimes;

    JEL classification:

    • F1 - International Economics - - Trade
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling

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