Frankel, Jeffrey A.; Wei, Shang-Jin - Center for Pacific Basin Monetary and Economic Studies, … - 1995
New regional initiatives abound, both outside Asia and within. Free Trade Areas in the West - notably NAFTA, its … experience trade diversion, especially in textiles and apparel. Balancing such losses is the likelihood of gains from higher … bilateral trade confirm the presence of implicit or de facto trade blocs in Asia and the Pacific, as in Europe and the Western …