IDEAS home Printed from
MyIDEAS: Login to save this paper or follow this series

Trade liberalization and regional integration

  • Robinson, Sherman
  • DeRosa, Dean A.

After seven years of arduous negotiations under the auspices of the General Agreement on Tariffs and Trade (GATT), the Uruguay Round of multilateral trade negotiations was concluded in late 1993. The United States approved the agreement in late 1994, in time for the 1995 commencement of the new World Trade Organization (WTO), which will implement the agreement and provide the major forum for future trade negotiations. There have been a number of quantitative studies of the impact of world trade liberalization and of the formation of subregional free trade areas such as the North American Free Trade Agreement (NAFTA), Mercosur in South America, and the new Asia Pacific Economic Cooperation (APEC). Most of these studies focus on the impact of changes in policy, analyzing the efficiency gains and structural changes that might be induced by changes in import protection. The goal of such studies is not to project the future but to analyze the empirical mechanisms by which policy changes affect the world economy. In this brief, the authors discuss studies of world trade liberalization and studies of regional trading areas. Finally, they state that recent quantitative studies generally find that global trade liberalization yields substantially larger economic benefits, including benefits to agriculture, than the proliferation of regional trading arrangements. Thus, while increasing regionalism is emerging as an important element of the current international political economy, it is not a desirable outcome in itself.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Paper provided by International Food Policy Research Institute (IFPRI) in its series 2020 vision briefs with number 12.

in new window

Date of creation: 1995
Date of revision:
Handle: RePEc:fpr:2020br:12
Contact details of provider: Postal: 2033 K Street, NW, Washington, DC 20006
Phone: 202-862-5600
Fax: 202-467-4439
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:fpr:2020br:12. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.