Why Do Countries Seek Regional Trade Agreements?
In: The Regionalization of the World Economy
This paper emphasizes the range of factors which enter country calculations to seek regional trading arrangements. These include conventional access benefits, but extend to safe haven concerns, the use of trade arrangements to underpin security arrangements, and tactical interplay between multilateral and regional trade negotiating positions. In a final section, results from an earlier modelling effort by Perroni and Whalley are used to emphasize that non- traditional objectives may be quantitatively more important than traditionally analyzed objectives.
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- Carlo Perroni & John Whalley, 1994.
"The New Regionalism: Trade Liberalization or Insurance?,"
NBER Working Papers
4626, National Bureau of Economic Research, Inc.
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- John Whalley & Colleen Hamilton, 1996. "Trading System after the Uruguay Round, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 62, December.
- Hamilton, Bob & Whalley, John, 1983. "Optimal tariff calculations in alternative trade models and some possible implications for current world trading arrangements," Journal of International Economics, Elsevier, vol. 15(3-4), pages 323-348, November.
- Gatsios, Konstantine & Karp, Larry, 1991.
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Wiley Blackwell, vol. 58(2), pages 391-97, April.
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