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Regionalism and the World Trade Organization : Is Non-Discrimination Passe?

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  • Srinivasan, T-N

Abstract

The paper begins with a discussion of the reasons for the failure of the Working Party mechanism set forth in Article XXIV for examining the consistency of proposed PTA's with GATT. It then briefly surveys the recent literature on regionalism and multilateralism, focusing more on the issues raised than on analytical models. It critically examines the conept of "open regionalism" that has been enthusiastically advanced by the United States in particular and finds it problematic, if not an oxymoron. The paper concludes with a discussion of how further progress towards a non-discriminatory world trading system could be made, even as preferential regional liberalization initiatives proliferate.

Suggested Citation

  • Srinivasan, T-N, 1996. "Regionalism and the World Trade Organization : Is Non-Discrimination Passe?," Papers 767, Yale - Economic Growth Center.
    • Handle: RePEc:fth:yalegr:767
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    References listed on IDEAS

    as
    1. Jiandong Ju & Kala Krishna, "undated". "Market Access and Welfare Effects of Free Trade Areas without Rules of Origin," EPRU Working Paper Series 96-03, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    2. Srinivasan, T. N., 1997. "The common external tariff of a customs union: Alternative approaches," Japan and the World Economy, Elsevier, vol. 9(4), pages 447-465, December.
    3. Hamada, K. & Goto, J., 1996. "Regional Economic Integration and Article XXIV of the GATT," Papers 754, Yale - Economic Growth Center.
    4. Levy, Philip I, 1997. "A Political-Economic Analysis of Free-Trade Agreements," American Economic Review, American Economic Association, vol. 87(4), pages 506-519, September.
    5. Arvind Panagariya & Jagdish Bhagwati, 1996. "The Economics of Preferential Trade Agreements," Books, American Enterprise Institute, number 51856, September.
    6. Junichi Goto & Koichi Hamada, 1996. "Regional Economic Integration and Article XXIV of the GATT," Discussion Paper Series 59, Research Institute for Economics & Business Administration, Kobe University.
    7. Kemp, Murray C. & Wan, Henry Jr., 1976. "An elementary proposition concerning the formation of customs unions," Journal of International Economics, Elsevier, vol. 6(1), pages 95-97, February.
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    Cited by:

    1. Swapan K. Bhattacharya & Biswanath Bhattacharyay, 2006. "Prospects of Regional Cooperation in Trade, Investment and Finance in Asia: An Empirical Analysis on BIMSTEC Countries and Japan," CESifo Working Paper Series 1725, CESifo.
    2. Bhattacharya, Swapan K. & Bhattacharyay, Biswa N., 2007. "An empirical analysis on prospects and challenges of BIMSTEC-Japan trade integration," Journal of Asian Economics, Elsevier, vol. 18(3), pages 509-536, June.
    3. Andriamananjara, Soamiely, 1999. "On the size and number of regional integration arrangements - a political economy model," Policy Research Working Paper Series 2117, The World Bank.
    4. Soamiely Andriamananjara, 2001. "On the size and number of preferential trading arrangements," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 11(3), pages 279-295.
    5. Biswa N Bhattacharyay & Swapan K. Bhattacharya, 2010. "Free Trade Agreement between People’s Republic of China and India: Likely Impact and Its Implications to Asian Economic Community," Working Papers id:3272, eSocialSciences.

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    More about this item

    Keywords

    FREE TRADE AREAS; TARIFFS; CUSTOMS UNIONS; INTERNATIONAL TRADE;
    All these keywords.

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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