This paper seeks to explore aspects of a possible scenario of parallel 'trade blocs' using a computable general equilibrium (CGE) model to estimate the effects of an East Asian 'trade bloc' and the FTAA on each other, and on the rest of the world.

Using both a gravity model to consider the natural trading bloc hypothesis, and simulation using a CGE model to make welfare estimates, we examine the potential effect of a subset of the new RTA proposal in the APEC region. In broad terms the two approaches appear consistent in their ability to...

Using both a gravity model to consider the natural trading bloc hypothesis, and simulation using a CGE model to make welfare estimates, we examine the potential effect of a subset of the new RTA proposal in the APEC region. In broad terms the two approaches appear consistent in their ability to...

We use a general equilibrium model of a small developing economy with urban unemployment to illustrate the impact of processing incentives in the presence of foreign owned factors of production. We show that the location of the processing industry plays a crucial role in determining whether or...

The successful conclusion of the Uruguay Round and the establishment of the WTO marked an apparently decisive reassertion of the primacy of the multilateral trading system.Abstract: Promediando la década de los noventa, la región Asia-Pacífico parecía haber alcanzado un grado excepcional de...

What are the choices the Asia-Pacific community will face if it proceeds further down the path of developing preferential regional trading arrangements? Fragmentation of the region into preferential trading arrangements on a bilateral or subregional basis promises relatively little economic gain...