Bilateral Trade Agreements and the Feasibility of Multilateral Free Trade
نویسندگان
چکیده
منابع مشابه
Endogenous Free Trade Agreements and the Multilateral Trading System
I evaluate in this paper the impact of free trade areas (FTAs) on the world trading system. I use an oligopolistic-political-economy model where the external tariffs of FTA members, as well as the decision to form FTAs, are endogenously determined. In this context, I show that FTAs are primarily beneficial to the multilateral trading system. This conclusion is based, first, upon the finding tha...
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One of the most striking development in the world trading system since the mid 1990s is a surge in Regional Trade Agreements (RTAs). From about 50 till 1990, the number of RTAs notified to the World Trade Organization (WTO) has crossed 250 in 2003 and estimates indicate that over 300 RTAs will be in effect by 2007. Initially WTO encouraged the growth of RTAs because it believed that regional in...
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ژورنال
عنوان ژورنال: Review of International Economics
سال: 2011
ISSN: 0965-7576
DOI: 10.1111/j.1467-9396.2011.00952.x