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Do Trading Blocs Liberalise World Trade?

Author

Listed:
  • Cumberworth, M.
  • Milbourne, R.

Abstract

regional integration appears to have displaced the multilateral process as a means of liberalising trade in the world economy. Does the pursuit of regional agreements undermine the multilateral process of trade liberalisation embodied in the GATT? In this paper we develop a theoretical framework exploring the optimal size of trade blocs.

Suggested Citation

  • Cumberworth, M. & Milbourne, R., 1996. "Do Trading Blocs Liberalise World Trade?," Papers 96/11, New South Wales - School of Economics.
    • Handle: RePEc:fth:nesowa:96/11
    as

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    More about this item

    Keywords

    INTERNATIONAL TRADE; ECONOMIC INTEGRATION;

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F15 - International Economics - - Trade - - - Economic Integration
    • F19 - International Economics - - Trade - - - Other
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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