New Dimensions in Regional Integration
Cambridge University Press, 2/22/2010
EAN 9780521556682, ISBN10: 0521556686
Paperback, 504 pages, 22.9 x 15.2 x 3.2 cm
Language: English
Interest in regional integration has recently revived in both developed and developing countries. The US has responded to the lack of progress in the Uruguay Round of the GATT by pursuing bilateral trade negotiations, while developing countries have been prompted to re-evaluate the potential benefits of regional integration. The tendency for the world trading system to divide into three blocs - the European Community, the Americas and East Asia - is providing their members with guaranteed access to large markets; however, poor non-member countries will suffer from the loss of access and the risk of trade wars is increased. In this book leading international experts assess the renewed attractiveness of regional integration to individual countries, the types of integration that are suitable to various circumstances, the conditions necessary to their success, and the relationship of regionalism to multilateral free trade.
Preface
Foreword Richard Portes and Lawrence Summers
Acknowledgements
List of conference participants
Part I. Systemic Issues
1. Introduction Jaime de Melo and Arvind Panagariya
2. Regionalism and multilateralism
an overview Jagdish Bhagwati
Discussion Robert Baldwin and Richard Blackhurst
3. Regionalism versus multilateralism
analytical notes Paul Krugman
Discussion Ronald Jones and T. N. Srinivasan
4. Multilateral and bilateral trade policies in the world trading system
an historical perspective Douglas A. Irwin
Discussion Barry Eichengreen and Mancur Olson
5. Gatt's influence on regional arrangements J. Michael Finger
Discussion Jean Baneth and Robert Hudec;Part II. Country Issues
6. The new regionalism
a country perspective Jaime de Melo, Arvind Panagariya and Dani Rodrik
Discussion Ronald Findlay and Constantine Michalopoulos
7. The European Community
a case of successful integration? L. Alan Winters
Discussion Ravi Kanbur and André Sapir
8. Regional integration in Sub-Saharan Africa
past experience and future prospects Faezeh Foroutan
Discussion Christopher Bliss and Ishrat Hussain
9. Latin America's integration and the multilateral trading system Julio Nogués and Rosalinda Quintanilla
Discussion Christopher Clague and Jesús Seade
10. Regional integration in Eastern Europe
prospects for integration within the region and with the European Community Josef C. Brada
Discussion Alan Gelb and Gábor Oblath
11. Regional trade arrangements in North America
CUSTA and NAFTA John Whalley
Discussion Fernando Clavijo and Ulrich Lächler;12. Trading Blocs and East Asia Gary R. Saxonhouse
Discussion Hugh Patrick and Vinod Thomas
13. Prospects for regional integration in the Middle East Stanley Fischer
Discussion Richard Baldwin and Enzo Grilli
Round Table Discussion Richard N. Cooper, W. Max Corden, Rudiger Dornbusch
Index.