search query: @indexterm international relations / total: 513
reference: 14 / 513
Author: | Macho-Stadler, I. Xue, L. |
Title: | Winners and losers from the gradual formation of trading blocs |
Journal: | Economica
2007 : VOL. 74:296, p. 664-681 |
Index terms: | international relations policy economic integration treaties terms of trade free trade trade barriers statistical methods models |
Language: | eng |
Abstract: | In spite of global free trade (hereafter as: f-t.) being efficient, each country's benefit from f-t. depends on the path leading to the global free trade agreement. Using a dynamic model of trading bloc formation, it is shown that when global f-t. is reached gradually, the countries excluded gain less than the rest and may be even made worse-off by the final f-t. agreement than they were in the initial state of no trading blocs. |
SCIMA