Regionalism versus Multilateral Trade Arrangements.
Material type: TextSeries: National Bureau of Economic Research East Asia Seminar on EconomicsPublisher: Chicago : University of Chicago Press, 1997Copyright date: ©1997Description: 1 online resource (432 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9780226387031Subject(s): East Asia -- Foreign economic relations -- Congresses | International economic integration -- Congresses | International economic relations -- Congresses | Regionalism -- East Asia -- Congresses | Trade blocs -- East Asia -- CongressesGenre/Form: Electronic books.Additional physical formats: Print version:: Regionalism versus Multilateral Trade ArrangementsDDC classification: 382/.91 LOC classification: HF1418Online resources: Click to ViewIntro -- Regionalism versus Multilateral Trade Arrangements -- Contents -- Acknowledgments -- Introduction -- 1. Problems with Overlapping Free Trade Areas -- 2. The Political Economy of Mexico's Entry into NAFTA -- 3. Social Policy Dimensions of Economic Integration: Environmental and Labor Standards -- 4. EU, NAFTA, and Asian Responses: A Perspective from the Calculus of Participation -- 5. Open versus Closed Trade Blocs -- 6. Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA -- 7. Asia Pacific Capital Markets: Integration and Implications for Economic Activity -- 8. Recent Developments of APEC: Issues and Prospects of the Osaka Agenda -- 9. A Perspective on the Effects of NAFTA on Korea -- 10. Regionalism and Subregionalism in ASEAN: The Free Trade Area and Growth Triangle Models -- 11. Globalization and New Industrial Organization: Implications for Structural Adjustment Policies -- 12. Bilateral Negotiations and Multilateral Trade: The Case of Taiwan-U.S. Trade Talks -- 13. Economics and Politics of Rice Policy in Japan: A Perspective on the Uruguay Round -- Contributors -- Name Index -- Subject Index.
There is no doubt that the open multilateral trading system after World War II was a key ingredient in the rapid economic development of the entire world. Especially in Hong Kong, Korea, Singapore, and Taiwan, exports increased dramatically both in absolute terms and as a percentage of GNP. In the 1980s, however, preferential trading arrangements (PTAs) began to emerge as significant factors affecting world trade. This volume contains thirteen papers that analyze the tensions between multilateral trading systems and preferential trade arrangements and the impact of these tensions on East Asia. The first four chapters introduce PTAs conceptually and focus on the unique political issues that these agreements involve. The next five essays present more direct empirical analyses of existing PTAs and their economic effects, primarily in East Asia. The last four papers concentrate on the outcomes of individual East Asian nations' trading policies in specific instances of preferential agreements.
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