IDEAS home Printed from https://ideas.repec.org/p/iie/wpaper/wp96-15.html
   My bibliography  Save this paper

Competitive Liberalization and Global Free Trade: A Vision for the Early 21st Century

Author

Listed:
  • C. Fred Bergsten

    () (Peterson Institute for International Economics)

Abstract

A large part of the world has eliminated all barriers to trade or is in the process of doing so. The fifteen members of the European Union have created a "single internal market." Australia and New Zealand have completed their free trade area. Several large groupings are en route to a similar outcome: the North American Free Trade Agreement (Canada, Mexico, United States), Mercosur (Argentina, Brazil, Paraguay, Uruguay), and the ASEAN Free Trade Agreement (Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand, and now Vietnam). There are numerous free trade areas among smaller countries.

Suggested Citation

  • C. Fred Bergsten, 1996. "Competitive Liberalization and Global Free Trade: A Vision for the Early 21st Century," Working Paper Series WP96-15, Peterson Institute for International Economics.
  • Handle: RePEc:iie:wpaper:wp96-15
    as

    Download full text from publisher

    File URL: https://piie.com/publications/working-papers/competitive-liberalization-and-global-free-trade-vision-early-21st
    Download Restriction: no

    References listed on IDEAS

    as
    1. Olivier Blanchard & Florence Jaumotte & Prakash Loungani, 2014. "Labor market policies and IMF advice in advanced economies during the Great Recession," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), pages 1-23.
    2. Olivier Blanchard & Giovanni Dell'Ariccia & Paolo Mauro, 2010. "Rethinking Macroeconomic Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(s1), pages 199-215, September.
    3. Ricardo Reis, 2015. "Looking for a Success in the Euro Crisis Adjustment Programs: The Case of Portugal," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, pages 433-458.
    4. Carneiro, Anabela & Portugal, Pedro & Varejão, José, 2014. "Catastrophic job Destruction during the Portuguese Economic Crisis," Journal of Macroeconomics, Elsevier, pages 444-457.
    5. Andrea Bassanini & Stefano Scarpetta & Philip Hemmings, 2001. "Economic Growth: The Role of Policies and Institutions: Panel Data. Evidence from OECD Countries," OECD Economics Department Working Papers 283, OECD Publishing.
    6. Ricardo Reis, 2015. "Looking for a success in the euro crisis adjustment programs: the case of Portugal," Discussion Papers 1535, Centre for Macroeconomics (CFM).
    7. Reis, Ricardo, 2015. "Looking for a success: the euro crisis adjustment programs," LSE Research Online Documents on Economics 65868, London School of Economics and Political Science, LSE Library.
    8. Olivier Blanchard, 2007. "Adjustment within the euro. The difficult case of Portugal," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 6(1), pages 1-21, April.
    9. Ricardo J. Caballero & Takeo Hoshi & Anil K. Kashyap, 2008. "Zombie Lending and Depressed Restructuring in Japan," American Economic Review, American Economic Association, pages 1943-1977.
    10. Ricardo Reis, 2015. "Looking for a Success in the Euro Crisis Adjustment Programs: The Case of Portugal," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, pages 433-458.
    11. Mário Centeno & Cláudia Duarte & Álvaro A. Novo, 2011. "The impact of the minimum wage on low-wage earners," Economic Bulletin and Financial Stability Report Articles, Banco de Portugal, Economics and Research Department.
    12. Vansteenkiste, Isabel, 2017. "Did the crisis permanently scar the Portuguese labour market? Evidence from a Markov-switching Beveridge curve analysis," Working Paper Series 2043, European Central Bank.
    13. Paulo Esteves & António Rua, 2015. "Is there a role for domestic demand pressure on export performance?," Empirical Economics, Springer, pages 1173-1189.
    14. Cardoso, Ana Rute & Guimaraes, Paulo & Portugal, Pedro, 2012. "Everything You Always Wanted to Know about Sex Discrimination," IZA Discussion Papers 7109, Institute for the Study of Labor (IZA).
    15. Carneiro, Anabela & Portugal, Pedro & Varejão, José, 2014. "Catastrophic job Destruction during the Portuguese Economic Crisis," Journal of Macroeconomics, Elsevier, pages 444-457.
    16. Ricardo J. Caballero & Takeo Hoshi & Anil K. Kashyap, 2008. "Zombie Lending and Depressed Restructuring in Japan," American Economic Review, American Economic Association, pages 1943-1977.
    17. Beetsma, Roel & Giuliodori, Massimo & de Jong, Frank & Widijanto, Daniel, 2016. "Price effects of sovereign debt auctions in the euro-zone: The role of the crisis," Journal of Financial Intermediation, Elsevier, pages 30-53.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Soamiely Andriamananjara, 2003. "Competitive Liberalization or Competitive Diversion? The Relationship between Preferential Trade Agreements and the Multilateral Trading System," International Trade 0305002, EconWPA.
    2. Michel Fouquin & Jules Hugot, 2016. "Back to the Future: International Trade Costs and the Two Globalizations," VNIVERSITAS ECONÓMICA 015130, UNIVERSIDAD JAVERIANA - BOGOTÁ.
    3. Barry Eichengreen & Douglas A. Irwin, 2008. "International Economic Policy: Was There a Bush Doctrine?," NBER Working Papers 13831, National Bureau of Economic Research, Inc.
    4. Baccini, Leonardo, 2012. "Democratization and trade policy: an empirical analysis of developing countries," LSE Research Online Documents on Economics 44924, London School of Economics and Political Science, LSE Library.
    5. Scott L. Baier & Jeffrey H. Bergstrand & Peter Egger & Patrick A. McLaughlin, 2008. "Do Economic Integration Agreements Actually Work? Issues in Understanding the Causes and Consequences of the Growth of Regionalism," The World Economy, Wiley Blackwell, vol. 31(4), pages 461-497, April.
    6. Jeffrey J. Schott, 2011. "The Future of the Multilateral Trading System in a Multi-polar World," Chapters,in: Regional Integration, Economic Development and Global Governance, chapter 5 Edward Elgar Publishing.
    7. Baccini, Leonardo & Lenzi, Veronica & Thurner, Paul W., 2013. "Global energy governance: trade, infrastructure, and the diffusion of international organizations," LSE Research Online Documents on Economics 62309, London School of Economics and Political Science, LSE Library.
    8. Scott L. BAIER & Jeffrey H. BERGSTRAND & Peter EGGER, 2009. "The Growth Of Regional Economic Integration Agreements And The Middle East," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, pages 11-30.
    9. Jean-Christophe Bureau & Houssein Guimbard & Sébastien Jean, 2016. "Competing Liberalizations: Tariffs and Trade in the 21st Century," Working Papers 2016-12, CEPII research center.
    10. Andrew Stoler, 2003. "Australia-USA Free Trade: Competitive Liberalisation at Work in 2003," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 10(4), pages 291-306.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iie:wpaper:wp96-15. 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: (Peterson Institute webmaster). General contact details of provider: http://edirc.repec.org/data/iieeeus.html .

    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.

    We have no references for this item. You can help adding them by using 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.