The search for solutions to problems in international commodity trade has been more actively pursued during the past five years than at any previous time in history. Long negotiations in the Kennedy Round were aimed both at tariff questions and at establishing international commodity arrangements. The need for improved commodity trading arrangements was emphasized by developing countries at the...

the growth of regional trade blocks has been one of the major developments in international relations in recent years. regional agreements vary widely but, all have the objective of reducing barriers to trade between member countries that in most cases result in increasingly trade flows and economic growth. this paper attempts to explore the results of trade integration in eco, eu and oic block...

In this paper, we study and compare the stability of trade policy arrangements in two different regulatory scenarios, one with without Preferential Trade Agreements (PTAs), i.e. current vs. modified WTO rules. Unlike existing literature, our paper considers an extensive choice set of trade constellations, containing both available PTAs, Customs Unions (CUs) and Free (FTAs), as well Multila...

1687 Do the forces that regional integration arrangements set up encourage or discourage a trend toward globally freer trade? We don't know yet. Summary findings The literature on regionalism versus multilateralism is growing as economists and political scientists grapple with the question of whether regional integration arrangements are good or bad for the multilateral system. Are regional int...

This paper focuses on Indo-Iranian merchandise trade for a period of 30 years from1980-81 to 2009-10. The study is based on econometric modeling comprising 3 versions of the RWM model and alternative forms and specification of regression functions. RWM model(s) evaluates the stationary nature of time series data relating to GNP, Exports, Imports and total merchandise Indo-Iranian trade. Dickey-...

This paper uses a heterogeneous …rms model to scrutinize the alleged aim of Fair Trade to help the most disadvantaged producers in developing countries. Incorporating important aspects of Fair Trade in a two-good heterogeneous …rm model we show that the more productive …rms will join Fair Trade arrangements. Presuming that the least advantaged producers are those with lowest productivity, it th...

Globalisation induces nation states to build marketplaces that span various countries with the objective of facilitating trade and improving economic competitiveness. International experiences gained from three common markets, the European Union (EU), North American Free Trade Agreement (NAFTA) and Common Southern Market (MERCOSUR) allow for drawing some general conclusions that might be helpfu...