Chapter

Conclusion: Making More of Trade Agreements

A. Estevadeordal and K. Suominen

in The Sovereign Remedy?

Published in print April 2009 | ISBN: 9780199550159
Published online May 2009 | e-ISBN: 9780191720253 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199550159.003.0007
Conclusion: Making More of Trade Agreements

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This chapter brings together the various findings emerging from this book, and summarizes its policy recommendations for both unilateral and collective ways in which countries can deal with the system of PTAs in the most constructive fashion. The main argument is that in the presence of right designs and sound accompanying domestic, regional, and multilateral policies, PTAs can be conducive to global trade, further the development of multilateral trade rules, cut costs for global companies, and engender international cooperation in non-trade policy areas. The question in the book's view is not whether the system of PTAs has positive effects — it can — but, rather, under which conditions it does, and how its full positive potential can be harnessed.

Keywords: preferential trading arrangements; regional integration; trade; globalization; economic growth; PTAs

Chapter.  4702 words. 

Subjects: International Economics

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