21st Century Regionalism: Filling the gap between 21st century trade and 20th century trade rules
نویسنده
چکیده
This paper weaves several sets of facts into an argument that: 1) today’s trade is radically more complex, involving a “trade-investment-service nexus”, 2) this 21 st century trade demanded deeper disciplines which were supplied by “21 st century regionalism” while the WTO was otherwise occupied, and 3) 21 st century regionalism has quite different implications for the world trading system than the traditional thinking suggests. The paper also argues that the traditional thinking (building-stumbling-block and Vinerian economics) is not up to the job of analysing 21 st century regionalism. An alternative framework is not provided, but elements a new approach should encompass are discussed.
منابع مشابه
P O LI C Y IN SI G H T N o . 5 6 21 st Century Regionalism : Filling the gap between 21 st century trade and 20 th century trade rules
In a nutshell, 21st century regionalism is not primarily about preferential market access as was the case for 20th century regionalism; it is about disciplines that underpin the tradeinvestment-service nexus. This means that 21st century regionalism is driven by a different set of political economy forces; the basic bargain is “foreign factories for domestic reforms” – not “exchange of market a...
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