New Dimensions in Regional Integration

Cover......Page 1
Frontmatter......Page 2
Contents......Page 12
List of figures......Page 17
List of tables......Page 18
Preface......Page 22
Foreword......Page 24
Acknowledgements......Page 26
List of conference participants......Page 28
PART ONE - SYSTEMIC ISSUES......Page 30
1 - Introduction......Page 32
1 Regionalism and (versus?) multilateralism......Page 34
2 The experience with regional integration......Page 41
3 The new regionalism and new initiatives......Page 46
4 Concluding remarks: the new regionalism and smaller countries......Page 49
2 - Regionalism and multilateralism: an overview......Page 51
1 Article XXIV of the GATT: rationale......Page 54
2 The `First Regionalism': failure in the 1960s......Page 57
3 The `Second Regionalism': revival in the 1980s......Page 58
4 Regionalism versus multilateralism: key questions......Page 60
5 The static impact-effect question......Page 62
6 The dynamic time-path question......Page 67
7 The United States: from `piecemeal' to `programmatic' regionalism......Page 74
8 Concluding remarks......Page 75
Discussion......Page 80
3 - Regionalism versus multilateralism: analytical notes......Page 87
1 The narrow economics of trading blocs......Page 88
2 Modelling trade policy......Page 94
3 Negotiation and protection......Page 98
4 Regionalism, multilateralism, and bargaining......Page 101
Appendix: A basic trading-bloc model......Page 104
Discussion......Page 108
1 Introduction......Page 119
2 The origins of European trade liberalisation......Page 121
3 The 19th-century open trading regime......Page 125
4 The interwar trade policy experience......Page 132
5 Trade liberalisation in historical perspective......Page 142
Discussion......Page 148
5 - GATT's influence on regional arrangements......Page 157
1 GATT provisions for regional arrangements......Page 158
2 Overall applications......Page 163
3 The European Economic Community (EEC)......Page 164
4 Developing countries in regional arrangements......Page 168
5 Conclusions and policy applications......Page 171
Discussion......Page 177
PART TWO - COUNTRY ISSUES......Page 186
1 Introduction......Page 188
2 Welfare economics of FTAs......Page 189
3 Institutional dimensions of RI......Page 205
4 Growth effects of RI schemes......Page 213
5 Conclusions......Page 216
Discussion......Page 222
1 Introduction......Page 231
2 Measures of success: inward- versus outward-looking integration......Page 232
3 Managed liberalism: enlargement and preferences......Page 241
4 Beyond the CU......Page 247
5 Conclusion......Page 253
Discussion......Page 257
1 Introduction......Page 263
2 RI schemes in SSA......Page 269
3 Evaluation of SSA's experience with trade integration......Page 279
4 Other types of integration......Page 288
5 Conclusion: what future for RI in SSA?......Page 292
Discussion......Page 299
1 Introduction......Page 306
2 Latin America's past integration strategy......Page 307
3 The impact of UTL and multilateralism on Latin America......Page 315
4 Latin America's new integration initiative......Page 321
5 Conclusion......Page 336
Discussion......Page 340
1 Introduction......Page 346
2 Legacies of the CMEA......Page 347
3 The aftermath of the collapse of the CMEA......Page 350
4 East Europe's future......Page 360
5 Lessons for the CIS......Page 366
Discussion......Page 373
1 Introduction......Page 378
2 The substance of the new North American regionalism......Page 380
3 Assessing the impacts of CUSTA and NAFTA......Page 387
4 Systemic implications of new North American regional trade arrangements......Page 393
Discussion......Page 408
12 - Trading blocs and East Asia......Page 414
1 New trading blocs, the consequences for members and non-members and Article XXIV......Page 415
2 The East Asian trade regime......Page 418
3 Pricing strategies in East Asia......Page 428
4 Regional initiatives in East Asia......Page 435
5 Conclusion......Page 437
Discussion......Page 441
13 - Prospects for regional integration in the Middle East......Page 448
1 Background: the economies of the region......Page 452
2 The need for reform and reconstruction......Page 456
3 Intra-regional trade......Page 459
4 Potential gains from economic cooperation......Page 465
5 The Middle Eastern Bank for Reconstruction and Development (MEBRD)......Page 467
6 Concluding comments......Page 469
Discussion......Page 473
Round Table Discussion......Page 478
Index......Page 489