Regional Integration and Development (A World Bank Publication)
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Book Description
Regional Integration and Development examines regionalism from the perspective of developing countries and presents a comprehensive account of existing theory and empirical results. This book incorporates the findings of formal analyses of the politics and dynamics of regionalism. It 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. The book also provides rules of thumb for regionalism, rules that are not inviolable but which
should not be violated lightly. 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.
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The 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.
--This text refers to the
Digital
edition.
Regional Integration and Development (A World Bank Publication),Maurice Schiff,Alan Winters,A World Bank Publication,0821350781,Business & Economics,Business / Economics / Finance,Business/Economics,Commerce,Commercial policy,Development - Business Development,Economics - General,Exports & Imports,Free trade,International - Economics,International economic relatio,Regionalism,Trade blocs,Urban & Regional,Business & Economics / Urban & Regional,Development economics,Economics | International,International economics
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