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Trade flows: a facet of regionalism or globalisation?

Author

Listed:
  • Georgios E. Chortareas
  • Theodore Pelagidis

Abstract

This paper examines the evidence about the extent of globalisation by focusing on some aspects of international trade flows. A reinterpretation of the existing evidence based on the analysis of tables and a range of indicators is provided in the first part of the paper. The focus is on whether the increase in trade flows has been predominantly a global or regional phenomenon. The analysis points to the tentative conclusion that the dominant tendency is the increase in trade within regional blocs (North America, the EU and the Asia--Japan blocs) rather than across them. To address the same question, a more formal analysis is undertaken in the second part of the paper, by focusing on the relative speed of the convergence in openness within and across regions of the world. Our results indicate that the degree of openness converges faster across the countries of a given region rather than at the global level, reinforcing the conclusions from the first part of the paper. The results are consistent with the view that trade integration is more of a 'regional' phenomenon than a 'global' one. Copyright 2004, Oxford University Press.

Suggested Citation

  • Georgios E. Chortareas & Theodore Pelagidis, 2004. "Trade flows: a facet of regionalism or globalisation?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 28(2), pages 253-271, March.
    • Handle: RePEc:oup:cambje:v:28:y:2004:i:2:p:253-271
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    Cited by:

    1. Guillaume Daudin & Christine Rifflart & Danielle Schweisguth, 2011. "Who produces for whom in the world economy?," Canadian Journal of Economics, Canadian Economics Association, vol. 44(4), pages 1403-1437, November.
    2. Zhen Zhu & Federica Cerina & Alessandro Chessa & Guido Caldarelli & Massimo Riccaboni, 2014. "The Rise of China in the International Trade Network: A Community Core Detection Approach," PLOS ONE, Public Library of Science, vol. 9(8), pages 1-8, August.
    3. repec:spo:wpecon:info:hdl:2441/5l6uh8ogmqildh09h4dj9499g is not listed on IDEAS
    4. repec:spo:wpecon:info:hdl:2441/9541 is not listed on IDEAS
    5. Theodore Pelagidis & Taun Toay, 2007. "Expensive Living: The Greek Experience under the Euro," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 42(3), pages 167-176, May.
    6. repec:hal:spmain:info:hdl:2441/9541 is not listed on IDEAS
    7. Guillaume Daudin & Christine Rifflart & Danielle Schweisguth, 2008. "Value-Added Trade and Regionalization. GTAP Eleventh Annual Conference 'Future of Global Economy', Helsinki, Finland," Sciences Po publications info:hdl:2441/9541, Sciences Po.
    8. Chortareas G. & Desli E. & Pelagidis Th., 2002. "International Evidence on Convergence and Openness," European Research Studies Journal, European Research Studies Journal, vol. 0(3-4), pages 1-91, July-Dece.
    9. Marlies Schütz & Nicole Palan, 2015. "Restructuring the International Textile Production and Trade Network. The Role of Italy and Portugal," FIW Working Paper series 156, FIW.
    10. 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.
    11. Melnikas Borisas, 2018. "The Knowledge Economy and the Activation of Scientific and Technological Progress: Contemporary Challenges," Ekonomika (Economics), Sciendo, vol. 97(1), pages 7-23, January.
    12. Zhen Zhu & Federica Cerina & Alessandro Chessa & Guido Caldarelli & Massimo Riccaboni, 2014. "The rise of China in the international trade network: a community core detection approach," Working Papers 4/2014, IMT School for Advanced Studies Lucca, revised Apr 2014.
    13. Konstantaras, Konstantinos & Philippas, Dionisis & Siriopoulos, Costas, 2018. "Trade asymmetries in the Mediterranean basin," The Journal of Economic Asymmetries, Elsevier, vol. 17(C), pages 13-20.
    14. Nicole Palan & Nadia Simoes & Nuno Crespo, 2021. "Measuring fifty years of trade globalisation," The World Economy, Wiley Blackwell, vol. 44(6), pages 1859-1884, June.
    15. repec:hal:wpspec:info:hdl:2441/5l6uh8ogmqildh09h4dj9499g is not listed on IDEAS
    16. Zannatul Mawa Koli & Ashadun Nobi & Mahmudul Islam Rakib & Jahidul Alam & Jae Woo Lee, 2023. "Modular Structures of Trade Flow Networks in International Commodities," Sustainability, MDPI, vol. 15(22), pages 1-17, November.
    17. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h4dj9499g is not listed on IDEAS
    18. Marlies Hanna Schütz & Nicole Palan, 2016. "Restructuring of the international clothing and textile trade network: the role of Italy and Portugal," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 5(1), pages 1-29, December.
    19. Émini , Christian Arnault, 2008. "Breaking down the Poverty and Growth effects of economic policy package: A Double-Calibration Analysis for Cameroun using Microsimulation CGE Model," Conference papers 331695, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    20. Merza, Ádám & London, András & Kiss, István Márton & Pelle, Anita & Dombi, József & Németh, Tamás, 2016. "A világkereskedelem hálózatelméleti vizsgálatának lehetőségeiről [The scope for analysis of world trade through network theory]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 79-98.
    21. repec:hal:wpspec:info:hdl:2441/9541 is not listed on IDEAS

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