The Political Economy of EC Regionalism
Many observers have noted a recent proliferation of regional trade agreements primarily centred in or on Europe. The paper analyses the causes and consequences of EC regionalism. It begins by examining the development and importance of the phenomenon. It finds that although the EC maintains preferential trade arrangements with virtually all countries, preferential trade accounts for no more than 25% of total EC trade. The paper investigates the causes of EC regionalism, focusing on the determinants of both the demand by third countries and the supply by the EC. Lastly, it examines future options.
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|Date of creation:||Nov 1997|
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References listed on IDEAS
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- Sampson, Gary P, 1996. "Compatibility of Regional and Multilateral Trading Agreements: Reforming the WTO Process," American Economic Review, American Economic Association, vol. 86(2), pages 88-92, May.
- Sapir, André, 1994.
"The Europe Agreements: Implications for Trade Laws and Institutions. Lessons from Hungary,"
CEPR Discussion Papers
1024, C.E.P.R. Discussion Papers.
- André Sapir, 1994. "The Europe agreements: implications for trade laws and institutions. Lessons from Hungary," ULB Institutional Repository 2013/8172, ULB -- Universite Libre de Bruxelles.
- Richard E. Baldwin, 1997.
"The Causes of Regionalism,"
The World Economy,
Wiley Blackwell, vol. 20(7), pages 865-888, November.
- Winters, L. Alan, 1996.
"Regionalism versus multilateralism,"
Policy Research Working Paper Series
1687, The World Bank.
- Fernández, Raquel, 1997.
"Returns to Regionalism: An Evaluation of Non-traditional Gains from RTAs,"
CEPR Discussion Papers
1634, C.E.P.R. Discussion Papers.
- Raquel Fernandez, 1997. "Returns to Regionalism: An Evaluation of Non-Traditional Gains from RTAs," NBER Working Papers 5970, National Bureau of Economic Research, Inc.
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