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Big-Think Regionalism: a Critical Survey

Baldwin, Richard - C.E.P.R. Discussion Papers - 2008

Economic thinking on regionalism has traditionally focused on the Vinerian question: Would a nation gain from joining a … trade bloc? Since 1991, "Big Think Regionalism" considers the broader question of regionalism’s impact on the world trading … system focusing on two questions: Does spreading regionalism harm world welfare? and Does regionalism help or hinder …

Persistent link: https://www.econbiz.de/10005666948

Sequencing regionalism: Theory, European practice, and lessons for Asia

Baldwin, Richard - C.E.P.R. Discussion Papers - 2010

Feedback mechanisms are the key to sequencing when it comes to regional integration. Feedback mechanisms can mean that today’s policy or institution alters the political economy landscape in a way that makes it politically optimal for future governments to take further steps towards...

Persistent link: https://www.econbiz.de/10008468652

Is the WTO's Article XXIV Bad?

Mrázová, Monika; Vines, David; Zissimos, Ben - C.E.P.R. Discussion Papers - 2009

This paper shows that the WTO's Article XXIV increases the likelihood of free trade, but may worsen world welfare when free trade is not reached and customs unions (CUs) form. We consider a model of many countries. Article XXIV prevents a CU from raising its common external tariff, which makes...

Persistent link: https://www.econbiz.de/10005661757

Trade Policy and Regional Integration: Implications for the Relations between Europe and Africa

Collier, Paul; Toye, John - C.E.P.R. Discussion Papers - 1994

For Africa, a regional customs union is unlikely to realise net welfare gains (in the sense of trade creation dominating trade diversion) which cannot be attained through unilateral trade liberalization. Unilateral reform has often failed in Africa, however. A regional customs union tied to...

Persistent link: https://www.econbiz.de/10005666481

Free Trade Agreements and the Consolidation of Democracy

Liu, Xuepeng; Ornelas, Emanuel - C.E.P.R. Discussion Papers - 2013

of regionalism and of worldwide democratization since the late 1980s. …

Persistent link: https://www.econbiz.de/10011083505

R&D Cooperation and the Stability of International Environmental Agreements

Carraro, Carlo; Siniscalco, Domenico - C.E.P.R. Discussion Papers - 1995

International agreements to protect the global environment are typically difficult to reach. In principle they should be profitable for all players involved in the negotiation. Even when they are profitable, however, they are often unstable due to the incentive to free-ride (enjoying the clean...

Persistent link: https://www.econbiz.de/10005792083

Trade Liberalization and Globalization: A Survey

Hillman, Arye L. - C.E.P.R. Discussion Papers - 2003

This Paper presents a survey of the literature on trade liberalization and globalization. The questions are why trade liberalization occurred, why trade liberalization took the form of reciprocity combined with multilateralism, why the liberalization allows for protectionist policies, and why...

Persistent link: https://www.econbiz.de/10005067625

Multilateralising Regionalism: Spaghetti Bowls as Building Blocs on the Path to Global Free Trade

Baldwin, Richard - C.E.P.R. Discussion Papers - 2006

forces might drive them, and what the WTO might do to guide them. Two facts form the point of departure: 1) Regionalism is … multilateralisation of regionalism. The paper presents the political economy logic of trade liberalisation and uses it to structure a … building blocs – whereby offshoring creates a force that encourages the multilateralisation of regionalism. Finally, the paper …

Persistent link: https://www.econbiz.de/10005067492

Multilateral Tariff Cooperation During the Formation of Customs Unions

Bagwell, Kyle; Staiger, Robert - C.E.P.R. Discussion Papers - 1994

We study the implications of customs union formation for multilateral tariff cooperation. We model cooperation in multilateral trade policy as self-enforcing, in that it involves balancing the current gains from deviating unilaterally from an agreed-upon trade policy against the future losses...

Persistent link: https://www.econbiz.de/10005656190

A Domino Theory of Regionalism

Baldwin, Richard - C.E.P.R. Discussion Papers - 1993

. Recent regionalism is caused by two idiosyncratic events multiplied by a domino effect. The triggering events <196> the US … by larger regional trading blocs. In the meantime regionalism appears to spread like wildfire. …

Persistent link: https://www.econbiz.de/10005661533