Trading blocs : alternative approaches to analyzing preferential trade agreements / edited by Jagdish Bhagwati, Pravin Krishna, and Arvind Panagariya.

Includes bibliographical references and index.

Print version record.

|g I. |t Overview. |g 1. |t Regionalism and Multilateralism: An Overview / |r Jagdish Bhagwati. |g 2. |t Preferential Trading Areas and Multilateralism -- Strangers, Friends, or Foes? / |r Jagdish Bhagwati and Arvind Panagariya -- |g II. |t "Static" Analysis: Issues Relating to Single PTAs. |t Trade Creation and Trade Diversion. |g 3. |t The Customs Union Issue / |r Jacob Viner. |g 4. |t The Theory of Customs Unions: Trade Diversion and Welfare / |r Richard G. Lipsey. |g 5. |t The Economic Theory of Customs Union / |r Harry G. Johnson. |g 6. |t Tariff Preferences and the Terms of Trade / |r Robert Mundell. |g 7. |t The Meade Model of Preferential Trading: History, Analytics, and Policy Implications / |r Arvind Panagariya. |g 8. |t Economics of Scale and Customs Union Theory / |r W. Max Corden.

The recent proliferation of free trade areas and customs unions in the world trading system has led to a revival of interest in the economic analysis of Preferential Trade Agreements (PTAs). The principal theoretical question of the 1950s and 1960s (Viner) was whether PTAs encourage or discourage the worldwide nondiscriminatory freeing of trade. The essays in this volume present the central contributions to the analytical approaches developed to examine these questions. -- Provided by publisher.

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