书目名称 | The Political Economy of Trade Integration |
编辑 | Oliver Fratzscher |
视频video | |
丛书名称 | Contributions to Economics |
图书封面 |  |
描述 | This dissenmion looks at increasing trade ilUegrorionjrom three angles: FirSl, what are welfare implications of trade integrmion and trading blocks? Second, what mechanism can improve the sustoinabiliry oj trade integration? Third, whO! relationship evolved between trade and foreign direct investment? Chapter I starts by questioning Krugman‘s (1993) trading block modeJ, which suggested that world trade is increasingly conducted between three trading blocks, which produces a minimum in world welfare. His symmetrical trading block model is extended into a two-sector model, where trade is not only beneficial through increased varieties in a Dixit-Stiglitz framework, but also through comparative advantage. Results show that: (i) regionalism and multilateral ism can be compatible and welfare enhancing; (ii) sequential integration can monotonously increase world welfare; (iii) more dissimilar countries have higher potential benefits from integration; (iv) about one third of potential gains from free-trade under average tariffs are already realized in a system of three trading blocks. Chapter II studies the political sustainability of trade integration. The previous trading-block-model is |
出版日期 | Book 1996 |
关键词 | Außenwirtschaft; European Union (EU); Europäische Integration; Internationaler Handel; european integrat |
版次 | 1 |
doi | https://doi.org/10.1007/978-3-642-61490-3 |
isbn_softcover | 978-3-7908-0945-9 |
isbn_ebook | 978-3-642-61490-3Series ISSN 1431-1933 Series E-ISSN 2197-7178 |
issn_series | 1431-1933 |
copyright | Physica-Verlag Heidelberg 1996 |