Regional integration is on the rise again, despite its apparent failure among developing countries in the past. The authors survey the ambiguous economies of customs unions, emphasizing that the traditional dichotomy between "trade creation" and "trade diversion" is not particularly helpful for policy. In a world with trade restrictions, regional integration presents certain advantages, including enhanced bargaining power and market access. The authors...
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INFORMACIÓN
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1993/02/28
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS1094
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1
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1
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2010/07/01
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The new regionalism : a country perspective
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welfare economics