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|
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- Winters, L. Alan, 1996.
"Regionalism versus multilateralism,"
Policy Research Working Paper Series
1687, The World Bank.
- Raquel Fernandez, 1997.
"Returns to Regionalism: An Evaluation of Non-Traditional Gains from RTAs,"
NBER Working Papers
5970, National Bureau of Economic Research, Inc.
- Fernández, Raquel, 1997. "Returns to Regionalism: An Evaluation of Non-traditional Gains from RTAs," CEPR Discussion Papers 1634, 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.
- 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.
- 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.
- Baldwin, Richard, 1997.
"The Causes of Regionalism,"
CEPR Discussion Papers
1599, C.E.P.R. Discussion Papers.
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