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Returns to regionalism : an analysis of nontraditional gains from regional trade agreements /
The past decade has witnessed a renewed interest in regional trade agreements, with many policymakers and academics seeming to believe that these provide more than the traditional gains from trade. This article examines several possible benefits that regional trade agreements may confer on the their...
|a Returns to regionalism :
|b an analysis of nontraditional gains from regional trade agreements /
|c Raquel Fernández y Jonathan Portes
490
|a World Bank Economic Review, vol. 12, no. 2 (mayo 1998), pp. 197-220
|x 0258-6770
504
|a Bibliografía: p. 218-220
520
|a The past decade has witnessed a renewed interest in regional trade agreements, with many policymakers and academics seeming to believe that these provide more than the traditional gains from trade. This article examines several possible benefits that regional trade agreements may confer on the their partners, including credibility, signaling, bargaining power, insurance, and coordination. It assesses the necessary conditions for each possible channel to work, gives stylized examples of soecific types of policy where the benefit might be relevant, and discusses their overall plausibility. It concludes by examining the North American Free Trade Agreement and the Europe Agreements.
