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Regional Integration and Development (World Bank Trade and Development Series)

Regional Integration and Development (World Bank Trade and Development Series)

2516404
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Описание
Book DescriptionThe growth of regional trading blocs is now a major feature of international relations. Regional Integration and Development examines regionalism from the viewpoint of developing countries and provides a comprehensive account of existing economic theory and empirical results. In a thorough analysis of the politics and dynamics of regionalism, the book considers the relationship between regionalism and multilateralism and explores the economic advantages of nondiscriminatory trade liberalization, which the authors argue should be exploited to the maximum extent. Designed as a practical guide for policymakers whose countries are considering membership in a trade bloc, this book will also be of interest to scholars and students of international trade.Download DescriptionThe growth of regional trading blocs has been one of the major developments in international relations in recent years. This volume extends the literature on it by examining regionalism from the viewpoint of developing countries, by providing a comprehensive account of existing theory and empirical results, by incorporating the findings of formal analyses of the politics and dynamics of regionalism, and by analyzing issues of credibility, deep integration, and the relationship between regionalism and multilateralism. In addition the volume offers concrete guidance to policy makers. Regional integration has an ambiguous impact on welfare and is too complex and case-specific to permit universal operational rules. Nevertheless, the authors have extracted a number of robust messages from the analysis that apply in the majority of circumstances. These are collected together into eight themes, broken down into thirty rules of thumb, that should guide policy makers considering creating or joining a new trade bloc.