Chapter

Consequences for the International Trading System

Richard Pomfret

in The Economics of Regional Trading Arrangements

Published in print November 2001 | ISBN: 9780199248872
Published online November 2003 | e-ISBN: 9780191596797 | DOI: http://dx.doi.org/10.1093/0199248877.003.0018
 Consequences for the International Trading System

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Examines the systemic effects of RTAs on the global economy. Discusses why RTAs tend to proliferate as well as why the multilateral trading system's basis in non‐discriminatory trade policies is resilient. Finally, addresses the question of whether RTAs are building blocks or stumbling blocks in the construction of a liberal international trading system.

Keywords: multilateral trade; non‐discrimination; regional trading arrangement; trade liberalization; trade policy

Chapter.  10180 words. 

Subjects: International Economics

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