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| Author: | Sapir, A. |
| Title: | The political economy of the EC regionalism |
| Journal: | European Economic Review
1998 : MAY, VOL. 42:3-5, p. 717-732 |
| Index terms: | POLITICAL ECONOMY TRADE BARRIERS EUROPE REGIONAL POLICY |
| Language: | eng |
| Abstract: | A plenty of observers have noted a recent proliferation of regional trade agreements primarily centered in or on Europe. The paper analyzes the causes and consequences of EC regionalism. It finds that although the EC maintains preferential trade arangements with virtually all countries, preferential trade accounts for no more than 25 % of total EC trade. The paper investigates the causes of EC regionalism, focusing on the determinants of both the demand by third countries and the supply by the EC. In addition, it examines future options. |
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