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Development of Regionalism : New Criteria and Typology

Author

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  • Kang, Yoo-Duk

    (Korea Institute for International Economic Policy)

Abstract

This study examines the development of regionalism and the different typologies of Regional Trade Agreements. Beginning with Balassa’s typology, it conducts an overview of commonly used typologies of regionalism and emphasizes that the previous typologies do not reflect the different features of Regional Trade Agreements, for example, the external factors that make it possible to differentiate between seemingly similar types of Regional Trade Agreements. After noticing these limitations, we propose a new typology of Regional Trade Agreements and its criteria by combining the existing methods and the new one. Recent Regional Trade Agreements can be regarded as responses to a new trade environment: Multilateral negotiations agenda and globalization. This is probably why recent Regional Trade Agreements are often termed as World Trade Organizationplus.In the context of emerging mega-Regional Trade Agreements, such as the Trans Pacific Partnership and the Regional Comprehensive Economic Partnership, this study calls for more efforts toward harmonizing the different Regional Trade Agreements or creating a template of standard Regional Trade Agreements in order to prevent a spaghetti bowl effect. Meanwhile, Mega-Regional Trade Agreements also seem to be influenced by the consequences of the 2008~2009 global financial crisis.

Suggested Citation

  • Kang, Yoo-Duk, 2016. "Development of Regionalism : New Criteria and Typology," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 31(2), pages 234-274.
    • Handle: RePEc:ris:integr:0685
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    Citations

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    Cited by:

    1. C. T. Vidya & Farhad Taghizadeh-Hesary, 2021. "Does infrastructure facilitate trade connectivity? Evidence from the ASEAN," Asia Europe Journal, Springer, vol. 19(1), pages 51-75, December.
    2. Kis, Katalin, 2017. "A Kelet-afrikai Közösség belső kereskedelmére ható tényezők [Factors determining the intra-regional trade of the East African Community]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 943-969.

    More about this item

    Keywords

    Balassa’s Typology; Regionalism; Regionalization; Free Trade Agreement; Economic Integration;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other

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