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Trading Blocs

Trading Blocs Alternative Approaches to Analyzing Preferential Trade Agreements

Arvind Panagariya, Jagdish N. Bhagwati, University Professor Senior Fellow in International Economics at the Council on Foreign Relations Jagdish N Bhagwati, Pravin Krishna, Professor of Economics and Indian Political Economy Arvind Panagariya — 1999
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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