Trade Blocs: Economics and Politics

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Overview

Representing a significant departure from the WTO's central principle of non-discrimination among member countries, preferential trade blocs are now the subject of an intense academic and policy debate. The first section of this book presents a rudimentary and intuitive introduction to the economics of preferential trade agreements. The following chapters present the author's theoretical and empirical research on a number of questions surrounding the issue of preferential trade agreements, including the design of necessarily welfare-improving trade blocs, the quantitative (econometric) evaluation of the economic (welfare) impact of preferential trade liberalization, and the impact of preferential trade agreements and the multilateral trade system.
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Product Details

Meet the Author

Pravin Krishna is Professor of Economics at Brown University. A Faculty Research Fellow of the National Bureau of Economic Research, he has held visiting appointments at Princeton University, Stanford University, and the University of Chicago. Professor Krishna has also served as a consultant to the World Bank and the International Monetary Fund.

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Table of Contents

1 Introduction and overview 1
2 The economics of preferential trade areas 11
3 Necessarily welfare-improving preferential trade areas 23
4 Geography and preferential trade agreements : the "natural" trading partners hypothesis 69
5 Preferential trading and multilateralism 107
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