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Trade Blocs, Paperback / softback Book

Trade Blocs Paperback / softback

Paperback / softback

Description

The growth of regional trading blocs. often known as regional integration agreements (RIAs), is one of the major developments in international relations.

More than one-third of world trade takes place within such agreements.

The last ten years have witnessed qualitative, as well as quantitative changes in regional integration schemes.

Three major developments are identified: the recognition that effective integration requires more than reducing tariffs and quotas; a move from "closed regionalism" to a more open model that is more committed to boosting, rather than controlling, international commerce; and the advent of trade blocs in which both high-income industrial countries and developing countries are equal partners.

This documents analyzes both the political and the economic benefits of regional trade blocs and the trade-offs faced

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