Error message

Deprecated function: Array and string offset access syntax with curly braces is deprecated in include_once() (line 20 of /mnt/web104/a0/07/510451407/htdocs/includes/file.phar.inc).

Regionalism in a Multilateral World

Printer-friendly version
Working paper
Author/s: 
Wilfred J.Ethier
Issue number: 
1998.031
Publisher: 
FEEM
Year: 
1998
Recent regional initiatives have been addressed from a Vinerian perspective of trade creation and trade diversion. This is true both of policy-oriented economists, who tend to be critical of the initiatives, and of theorists, who have added dynamic and game-theoretic elements to the Vinerian structure. This paper describes the stylized facts of much recent regional integration, and develops an alternative model. The analysis suggests that regional integration, far from threatening multilateral liberalism, may in fact be a direct consequence of the success of past multilateralism and an added guarantee for its survival.
Developed by Paolo Gittoi