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The Post-Uruguay Round era has seen a proliferation of regional preferential trade agreements (PTAs) as well as progressive multilateral trade liberalization initiatives. This has stimulated theoretical discussion on whether the policy of pursuing PTAs will have a malign or a benign impact on multilateralism. In the former case, proliferation of PT As may increase protection in global trade due to trade diversion effects, thereby creating impediments to multilateral freeing of global trade. In the latter case, the expansion of PTA membership could ultimately lead to non-discriminatory global free trade. At the core of this discussion is the question of how to explain the preference for PTA membership. While some economists view the expansion of PTA membership as exogenously determined, participants of the Fourth Annual Workshop of the Network EU-LDC Trade and Capital Relations also considered endogenous factors explaining increased PTA membership. This book offers a closer look at the motives of policy makers in both developed and developing countries to still adhere to PTAs, notwithstanding the theoretical superiority of multilateralism, and addresses the question of how to bring order into the world trading system. These issues are dealt with in 9 chapters by scholars from both the EU and LDCs. Each paper is discussed in terms of its policy relevance by a policy maker as well as by an academic specialized in the field.
This new book highlights the multifaceted effects of regional trade agreements and outlines the strategic options for EU trade policy. It points out what is new about this most recent phase of regionalism and analyzes the effects on economic welfare and trade transaction costs. The authors draw upon elements of game theory to explore a self-reinforcing mechanism that is resulting in a potentially damaging race for markets. They focus in particular on the multiple impacts of regionalism on the WTO and the multilateral trading order. The book arrives at an opportune time, as the Doha Round is reaching a critical phase.
In 2001, the United Nations University launched UNU-CRIS, a research and training programme on comparative regional integration to study the role of regional integration in global governance. This is a timely product of the research undertaken at UNU-CRIS. The report represents a unique collaboration between all regional UN Economic Commissions. It focuses on one of the central issues in the debate on global governance.
The book deals with both the short and the long-run effects of the Uruguay Round: the reduction in the obstacles to trade, the enlargement of the multilateral system, the new institutional framework and the balance between regionalism and multilateralism in world trade relations. Its conclusions are based on theory, political economy and empirical analysis.
This volume contains a collection of studies examining trade-related issues negotiated in regional trade agreements (RTAs) and how RTAs are related to the WTO's rules. While previous work has focused on subsets of RTAs, these studies are based on what is probably the largest dataset used to date, and highlight key issues that have been negotiated in all RTAs notified to the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO). New rules within RTAs are compared to rules agreed upon by WTO members. The extent of their divergences and the potential implications for parties to RTAs, as well as for WTO members that are not parties to RTAs, are examined. This volume makes an important contribution to the current debate on the role of the WTO in regulating international trade and how WTO rules relate to new rules being developed by RTAs.
The relations between ASEAN and China occupy a unique and important position in the foreign relations of the Asia-Pacific region. This volume investigates the impacts of global changes and regional challenges confronting the contemporary developments of China-ASEAN relations.
This book provides a historical perspective of the Uruguay Round agreement and focuses on the interaction between the developed and developing countries on matters relating to the global trading system and its disciplines since the founding of General Agreement on Tariffs and Trade.
With globalization drawing countries closer together, greater international cooperation is essential for peace and stability. The collective arrangement made by governments to manage their trade relations is one of the few successes of globalization. This book assesses the progress of multilateral trade cooperation, exploring the interests at work and the issues raised in successive postwar rounds of negotiations. It traces how the narrow perception of reciprocity has gradually yielded to a broader evaluation of the benefits to the regime as a whole as the major trading nations have mutually reduced trade barriers. Andrew G. Brown demonstrates the increasing importance of rule making and shows the diversity of issues on which negotiations have focused, such as customs procedures, technical standards, subsidies, anti-dumping duties, intellectual property rights, and the treatment of foreign direct investment. Despite the progress, however, the regime has remained vulnerable. The book also analyzes the major sources of strain that have been evident. This is a nontechnical book for those curious about the possibilities for cooperation among states and should be of interest to both the nonspecialist and the specialist. It draws on more than one discipline to interpret the events, lying in the triangle bounded by political science, economics, and history. Andrew G. Brown is a former Director of the General Analysis and Policies Division for the United Nations, New York.
This report on the future of EU trade policy has been written against a background of continuing uncertainty over a WTO waiver for the EU-ACP Cotonou Convention that would continue liberal access to the EU for ACP exports until 2007.
Through four previous editions The Economics of European Integration by Willem Molle has established itself as a preferred textbook for students of the economics of the EU as well as a reliable reference work for those with a professional interest in the European Union. Carefully revised, this fifth edition takes into account changes in course requirements, new statistical information, and recent policy developments. It includes new material on: - the ongoing integration of the New Member States and the new forms of association with accession countries in Central and Eastern Europe; - the implementation of the Monetary Union and the performance of the euro; - the EU experience as a guide for the economic integration of other regions and for the improvement of world economic governance. Written in a clear style and combining original insights with authoritative analysis, this new edition will further enhance the book's reputation for providing the ideal introduction to the economics of the European Union.