The new regionalism and policy interdependence

Leonardo Baccini and Andreas Dür

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Since 1990, the number of preferential trade agreements has increased rapidly. The argument in this article explains this phenomenon, known as the new regionalism, as a result of competition for market access; exporters facing trade diversion because of their exclusion from a preferential trade agreement concluded by foreign countries push their governments into signing an agreement with the country in which their exports are threatened. The argument is tested in a quantitative analysis of the proliferation of preferential trade agreements among 167 countries between 1990 and 2007. The finding that competition for market access is a major driving force of the new regionalism is a contribution to the literature on regionalism and to broader debates about global economic regulation.

JEL-codes: L81 (search for similar items in EconPapers)
Date: 2012-01
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Citations: View citations in EconPapers (13)

Published in British Journal of Political Science, January, 2012, 42(1), pp. 57-79. ISSN: 0007-1234

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