The Regionalization of the World Economy
Will be published approx. on 24. November 1997
Book
Hardback
296 pages
978-0-226-25995-6 (ISBN)
Description
Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalization has caused some economists to be optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade. Including both empirical and theoretical studies, this volume addresses several important questions: why do countries adopt FTAs and other regional trading arrangements? To what extent have existing regional arrangements actually affected patterns of trade? What are the welfare effects of such arrangements? Several chapters explore the economic effects of regional arrangements on patterns of trade, either on price differentials or via the gravity model on bilateral trade flows. In addition, this text examines the theoretical foundation of the gravity model. Making extensive use of the gravity model of bilateral trade, several chapters explore the economic effects of regional arrangements.
More details
Series
Language
English
Place of publication
Chicago
United States
Publishing group
The University of Chicago Press
Target group
College/higher education
Professional and scholarly
Dimensions
Height: 23 mm
Width: 16 mm
Thickness: 2 mm
Weight
595 gr
ISBN-13
978-0-226-25995-6 (9780226259956)
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Schweitzer Classification
Other editions
Additional editions
Jeffrey A. Frankel
Regionalization of the World Economy
E-Book
12/2007
1st Edition
University of Chicago Press
€93.49
Available for download
Content
Acknowledgments Introduction Jeffrey A. Frankel 1: Determinants of Bilateral Trade: Does Gravity Work in a Neoclassical World? Alan V. Deardorff Comment: Jeffrey H. Bergstrand Comment: Gene M. Grossman 2: The Role of History in Bilateral Trade Flows Barry Eichengreen, Douglas A. Irwin. Comment: Robert Z. Lawrence Comment: Paul Wonnacott 3: Why Do Countries Seek Regional Trade Agreements? John Whalley Comment: Eric W. Bond Comment: Dani Rodrik 4: Continental Trading Blocs: Are They Natural or Supernatural? Jeffrey A. Frankel, Ernesto Stein, Shang-Jin Wei. Comment: Paul Krugman Comment: T. N. Srinivasan 5: The Welfare Implications of Trading Blocs among Countries with Different Endowments Antonio Spilimbergo, Ernesto Stein. Comment: John Haveman Comment: Edward E. Leamer 6: Regional Patterns in the Law of One Price: The Roles of Geography versus Currencies Charles Engel, John H. Rogers. Comment: Kenneth A. Froot Comment: Michael Knetter 7: Regionalization of World Trade and Currencies: Economics and Politics Jeffrey A. Frankel, Shang-Jin Wei. Comment: David Hummels Comment: Philip I. Levy 8: Tariff Phase-Outs: Theory and Evidence from GATT and NAFTA Carsten Kowalczyk, Donald Davis. Comment: Arvind Panagariya Comment: Robert W. Staiger 9: Overview Anne O. Krueger Contributors Author Index Subject Index