ENGLISH

Regionalism versus Multilateral Trade Arrangements (National Bureau of Economic Research-East Asia Seminar on Economics)

By Takatoshi Ito , Anne O. Krueger

Book information

Year
1997
ISBN
0226386724, 9780226386720, 9780226387031
LCC
HF1418.7 .R445 1997
Open Library ID
OL662313M
Language
english
Format
PDF
Filesize
21 MB (22215562 bytes)
Edition
1
Pages
430\432
Topic
Economy
Time added
2011-06-04 13:46:07

Description

There is no doubt that the open multilateral trading system after World War II was a key ingredient in the rapid economic development of the entire world. Especially in Hong Kong, Korea, Singapore, and Taiwan, exports increased dramatically both in absolute terms and as a percentage of GNP. In the 1980s, however, preferential trading arrangements (PTAs) began to emerge as significant factors affecting world trade. This volume contains thirteen papers that analyze the tensions between multilateral trading systems and preferential trade arrangements and the impact of these tensions on East Asia. The first four chapters introduce PTAs conceptually and focus on the unique political issues that these agreements involve. The next five essays present more direct empirical analyses of existing PTAs and their economic effects, primarily in East Asia. The last four papers concentrate on the outcomes of individual East Asian nations' trading policies in specific instances of preferential agreements.

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