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Open Regionalism in a World of Continental Trade Blocs

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Author Info
Shang-Jin Wei
Jeffrey A. Frankel

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Abstract

Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to satisfy the McMillan criterion of not lowering their trade volume with outside countries, they have to engage in a dramatic reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of simultaneous continental trade blocs, an open regionalism in which trade blocs undertake relatively modest external liberalization can usually produce Pareto improvement. In the bilateral trade data for the period 1970-92, there are indeed regions that, while exhibiting an inward trade bias, nevertheless are consistent with this notion of open regionalism.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 5272.

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Date of creation: Sep 1995
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Handle: RePEc:nbr:nberwo:5272

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  7. Jeffrey Frankel, Ernesto Stein and Shang-jin Wei., 1994. "Trading Blocs: The Natural, the Unnatural, and the Super-Natural," Center for International and Development Economics Research (CIDER) Working Papers C94-034, University of California at Berkeley.
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Rodolphe Blavy, 2001. "Trade in the Mashreq: An Empirical Examination," IMF Working Papers 01/163, International Monetary Fund. [Downloadable!]
  2. Imbs, Jean, 2000. "Sectors and the OECD Business Cycle," CEPR Discussion Papers 2473, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  3. Christophe Rault & Robert Sova & Ana Maria Sova, 2007. "The Role of Association Agreements within European Union Enlargement to Central and Eastern European Countries," IZA Discussion Papers 2769, Institute for the Study of Labor (IZA). [Downloadable!]
  4. Matthias Sutter & Martin Kocher, 2004. "Patterns of co-authorship among economics departments in the USA," Applied Economics, Taylor and Francis Journals, vol. 36(4), pages 327-333, March. [Downloadable!] (restricted)
  5. Giovanni Pica & José V. Rodríguez Mora, 2005. "FDI, Allocation of Talents and Differences in Regulation," CSEF Working Papers 134, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
    Other versions:
  6. Eileen Brooks, 2003. "Why Don't Firms Export More? Product Quality and Colombian Plants," Santa Cruz Department of Economics, Working Paper Series 1036, Department of Economics, UC Santa Cruz. [Downloadable!]
  7. Julia Spies & Helena Marques, 2006. "Trade Effects of the Europe Agreements," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 274/2006, Department of Economics, University of Hohenheim, Germany. [Downloadable!]
  8. Michael Freudenberg & Guillaume Gaulier & Deniz Unal-Kesenci, 1998. "La regionalisation du commerce international: Une evaluation par les intensites relatives bilaterales," Working Papers 1898-05, CEPII research center. [Downloadable!]
  9. Giovanni Pica & José V. Rodríguez Mora, 2007. "Who’s Afraid of a Globalized World? Foreign Direct Investments, Local Knowledge and Allocation of Talents," CSEF Working Papers 184, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 05 Oct 2009. [Downloadable!]
  10. Eileen Brooks, 2003. "Why Don't Firms Export More? Product Quality and Colombian Plants," Santa Cruz Center for International Economics, Working Paper Series 1009, Center for International Economics, UC Santa Cruz. [Downloadable!]
  11. Guglielmo Caporale & Christophe Rault & Robert Sova & Anamaria Sova, 2009. "On the bilateral trade effects of free trade agreements between the EU-15 and the CEEC-4 countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 145(2), pages 189-206, July. [Downloadable!] (restricted)
    Other versions:
  12. Jeffrey A. Frankel & Ernesto Stein & Shang-Jin Wei, 1996. "Regional Trading Arrangement: Natural or Super-Natural?," NBER Working Papers 5431, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  13. Zhimin Chen, 2005. "NATO, APEC and ASEM: triadic interregionalism and global order," Asia Europe Journal, Springer, vol. 3(3), pages 361-378, October. [Downloadable!] (restricted)
  14. Jean IMBS, 1998. "Co-Fluctuations," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 9819, Université de Lausanne, Faculté des HEC, DEEP. [Downloadable!]
    Other versions:
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