Trade Blocs

Trade Blocs

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The growth of regional trading blocs. often known as regional integration agreements (RIAs), is one of the major developments in international relations. More than one-third of world trade takes place within such agreements. The last ten years have witnessed qualitative, as well as quantitative changes in regional integration schemes. Three major developments are identified: the recognition that effective integration requires more than reducing tariffs and quotas; a move from "closed regionalism" to a more open model that is more committed to boosting, rather than controlling, international commerce; and the advent of trade blocs in which both high-income industrial countries and developing countries are equal partners. This documents analyzes both the political and the economic benefits of regional trade blocs and the trade-offs facedshow more

Product details

  • Paperback | 160 pages
  • 191.8 x 235.5 x 8.6mm | 348.35g
  • Oxford University Press Inc
  • New York, United States
  • English
  • figs., tables
  • 0195211286
  • 9780195211283