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The WTO And Reciprocal Preferential Trading Agreements

Critical Perspectives on the Global Trading System and the WTO series
Edited by Caroline Freund, Senior Economist, Development Economics Research Group, The World Bank, US
This insightful volume is a careful selection of the major contributions to the controversy as to whether regional trade agreements harm the multilateral system of trade negotiation. It focuses on key topics such as: the theory of preferential trade agreements; regionalism and multilateralism; the effects of regionalism on the multilateral system; the effects of multilateralism on regionalism; rules of origin and empirical analyses. Scholars and practitioners alike will find this an invaluable set of papers.
Extent: 744 pp
Hardback Price: £213.00 Online: £191.70
Publication Date: 2007
ISBN: 978 1 84542 202 8
Availability: In Stock
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  • Economics and Finance
  • International Economics
  • Law - Academic
This insightful volume is a careful selection of the major contributions to the controversy as to whether regional trade agreements harm the multilateral system of trade negotiation. It focuses on key topics such as: the theory of preferential trade agreements; regionalism and multilateralism; the effects of regionalism on the multilateral system; the effects of multilateralism on regionalism; rules of origin and empirical analyses. Scholars and practitioners alike will find this an invaluable set of papers.
28 articles, dating from 1950 to 2006
Contributors include: K. Bagwell, R.E. Baldwin, J. Bhagwati, W.J. Ethier, A.O. Krueger, P. Krugman, A. Panagariya, R.W. Staiger, L. Summers, L.A. Winters
Contents:

Acknowledgements

Introduction Caroline Freund

PART I THE THEORY OF PREFERENTIAL TRADE AGREEMENTS
1. Jacob Viner (1950), ‘The Economics of Customs Unions’
2. W.M. Corden (1972), ‘Economies of Scale and Customs Union Theory’
3. Murray C. Kemp and Henry Y. Wan, Jr. (1976), ‘An Elementary Proposition Concerning the Formation of Customs Unions’
4. Paul Wonnacott and Ronald Wonnacott (1981), ‘Is Unilateral Tariff Reduction Preferable to a Customs Union? The Curious Case of Missing Foreign Tariffs’

PART II THE GATT’S ARTICLE XXIV
5. Richard H. Snape (1993), ‘History and Economics of GATT’s Article XXIV’

PART III OVERVIEW OF REGIONALISM AND MULTILATERALISM
6. J. Bhagwati and A. Panagariya (1999), ‘Preferential Trading Areas and Multilateralism: Strangers, Friends or Foes?’
7. Arvind Panagariya (2000), ‘Preferential Trade Liberalization: The Traditional Theory and New Developments’

PART IV THE EFFECTS OF REGIONALISM ON THE MULTILATERAL SYSTEM
8. Martin Richardson (1993), ‘Endogenous Protection and Trade Diversion’
9. Richard E. Baldwin (1995), ‘A Domino Theory of Regionalism’
10. Arvind Panagariya and Ronald Findlay (1996), ‘A Political-Economy Analysis of Free-Trade Areas and Customs Unions’
11. Kyle Bagwell and Robert W. Staiger (1997), ‘Multilateral Tariff Cooperation During the Formation of Customs Unions’
12. Philip I. Levy (1997), ‘A Political-Economic Analysis of Free-Trade Agreements’
13. Pravin Krishna (1998), ‘Regionalism and Multilateralism: A Political Economy Approach’

PART V THE EFFECTS OF MULTILATERALISM ON REGIONALISM
14. Wilfred J. Ethier (1998), ‘Regionalism in a Multilateral World’
15. Caroline Freund (2000), ‘Multilateralism and the Endogenous Formation of Preferential Trade Agreements’

PART VI NATURAL TRADE PARTNERS
16. Paul Wonnacott and Mark Lutz (1989), ‘Is There a Case for Free Trade Areas?’
17. Lawrence H. Summers (1991), ‘Regionalism and the World Trading System’
18. Paul Krugman (1993), ‘Regionalism versus Multilateralism: Analytical Notes’
19. Jeffrey Frankel, Ernesto Stein, and Shang-jin Wei (1995), ‘Trading Blocs and the Americas: The Natural, The Unnatural and the Supernatural’
20. Robert Z. Lawrence (1996), ‘Regionalism and the WTO: Should the Rules Be Changed?’

PART VII RULES OF ORIGIN
21. Anne O. Krueger (1999), ‘Free Trade Agreements as Protectionist Devices: Rules of Origin’
22. A. Estvadeordal and K. Suominen (2006), ‘Mapping and Measuring Rules of Origin Around the World’

PART VIII EMPIRICAL ANALYSES
23. T.N. Srinivasan, John Whalley and Ian Wooton (1993), ‘Measuring the Effects of Regionalism on Trade and Welfare’
24. Alexander J. Yeats (1998), ‘Does Mercosur’s Trade Performance Raise Concerns about the Effects of Regional Trade Agreements?’
25. Faezeh Foroutan (1998), ‘Does Membership in a Regional Preferential Trade Arrangement Make a Country More or Less Protectionist?’
26. Won Chang and L. Alan Winters (2002), ‘How Regional Blocs Affect Excluded Countries: The Price Effects of MERCOSUR’
27. Alok K. Bohara, Kishore Gawande and Pablo Sanguinetti (2004), ‘Trade Diversion and Declining Tariffs: Evidence from Mercosur’
28. Nuno Limão (2006), ‘Preferential Trade Agreements as Stumbling Blocks for Multilateral Trade Liberalization: Evidence for the United States’

Name Index