. Trade agreement formation is modeled as coalition formation. In a standard trade model with no distance between countries, a … familiar problem of coordination failure arises giving rise to multiple equilibria; any one of many possible trade agreements …

region are largely the product of the region‘s colonial history. Yet, the story of regionalism among the Pacific Islands … respective congregations. The security concerns and strategic interests of the major powers have shaped regionalism and are … contributing to regionalism today. Thus, Pacific Island countries may want to pursue trade liberalization unilaterally. …

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

optimal level of integration are examined. Multilateralism and regionalism are concluded to be complements. …

Trade is one of the important aspects of economic policy in the contexts of the third wave of regionalism. It is proven …