Economic Analysis of Regional Trading Arrangements (International Library of Critical Writings in Economics)

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This volume comprises 29 papers, reprinted in facsimile, from the last half century. They examine Viverian customs union theory, its variations and alternatives, regionalism, political economy and time inconsistency, and optimization. Attention is given to the terms of trade, scale economies, technical efficiency, and questions of the optimal number of blocs, the optimal size of nations, home bias, and regionalization and sub-regional zones. Only names appear in the index. Annotation ©2003 Book News, Inc., Portland, OR
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Table of Contents

Pt. I Vinerian Customs Union Theory
1 The Economics of Customs Unions 3
2 The Theory of Customs Unions: A General Survey 46
3 The Economic Theory of Customs Union 64
4 A New Look at Customs Union Theory 77
Pt. II Outside the Mainstream
5 An Elementary Proposition Concerning the Formation of Customs Unions 85
6 Preferential Trading Theory: The n Commodity Case 88
7 Is Unilateral Tariff Reduction Preferable to a Customs Union? The Curious Case of the Missing Foreign Tariffs 105
Pt. III Extensions
8 Tariff Preferences and the Terms of Trade 121
9 General Versus Preferential Tariff Reduction for LDC Exports: An Analysis of the Welfare Effects 134
10 The Theory of Preferential Trading Arrangements 147
11 Economies of Scale and Customs Union Theory 175
12 Measurable Dynamic Gains from Trade 189
Pt. IV The New Regionalism
13 Trade Liberalization and Industrial Organization: Some Estimates for Canada 205
14 Completing the Internal Market in the European Community: Some Industry Simulations 236
15 Free Trade Agreements as Protectionist Devices: Rules of Origin 261
16 Regionalism vs. Multilateralism 273
17 Preferential Trade Liberalization: The Traditional Theory and New Developments 316
Pt. V Political Economy and Time Inconsistency
18 Regionalism in a Multilateral World 363
19 A Political-Economic Analysis of Free-Trade Agreements 395
20 Multilateral Tariff Cooperation During the Formation of Customs Unions 409
Pt. VI The Optimal Number of Blocs and Optimal Size of Nations
21 Is Bilateralism Bad? 447
22 Regionalism and the World Trading System 462
23 Economic Integration and Political Disintegration 471
24 How Far Will International Economic Integration Go? 492
25 National Borders Matter: Canada-U.S. Regional Trade Patterns 505
26 Do National Borders Matter for Quebec's Trade? 514
27 How Wide is the Border? 530
28 Regionalisation versus Regionalism - Problems of Change in the World Economy 574
29 Sub-regional Economic Zones 555
Name Index 571
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