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:||1998|
|Date of revision:|
|Publication status:||Published in: European Economic Review (1998) v.42,p.717-732|
|Contact details of provider:|| Postal: CP135, 50, avenue F.D. Roosevelt, 1050 Bruxelles|
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- Richard E. Baldwin, 1997.
"The Causes of Regionalism,"
The World Economy,
Wiley Blackwell, vol. 20(7), pages 865-888, November.
- Sapir, André, 1994.
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CEPR Discussion Papers
1024, C.E.P.R. Discussion Papers.
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- 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.
- 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.
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