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Regional trade agreements and development : upside potential and downside risks (Inglés)

Regional trade agreements (RTAs) are fundamentally altering the world trade landscape. The number of agreements in force, now more than 200, has risen six-fold in just two decades. Today, more than one-third of global trade takes place between countries that have some form of reciprocal RTA. The European Union and United States are playing a prominent role in this proliferation. This note addresses two questions: What characteristics of RTAs strongly...
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