Bond, Eric W.; Syropoulos, Constantinos - In: Globalization and emerging issues in trade theory and policy, (pp. 101-120). 2008
Purpose – This chapter examines how preferential liberalization between a pair of countries affects the terms of trade and welfare of the liberalizing countries and on the rest of the world (ROW). We adopt a model with symmetric countries that generalizes previous work by relaxing assumptions...
