Big-Think Regionalism: a Critical Survey

Richard Baldwin

No 6874, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Economic thinking on regionalism has traditionally focused on the Vinerian question: Would a nation gain from joining a trade bloc? Since 1991, "Big Think Regionalism" considers the broader question of regionalism’s impact on the world trading system focusing on two questions: Does spreading regionalism harm world welfare? and Does regionalism help or hinder multilateralism? This paper syntheses and critiques the theoretical literature in an attempt to identify the insights that are useful for thinking about regionalism’s systemic impact in the new century.

Keywords: Multilateralism; Regionalism; Stumbling and building blocks; World trade system (search for similar items in EconPapers)
JEL-codes: F02 F13 F15 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int
Date: Written 2008-06
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