Regionalism and Multilateralism: A Political Economy Approach
Pravin Krishna
The Quarterly Journal of Economics, 1998, vol. 113, issue 1, 227-251
Abstract:
Preferential trading arrangements are analyzed from the viewpoint of the "new political economy" that views trade policy as being determined by lobbying of concentrated interest groups. Two conclusions are reached: first, that trade-diverting preferential arrangements are more likely to be supported politically; and second, that such preferential arrangements could critically change domestic incentives so multilateral liberalization that is initially politically feasible could be rendered infeasible by a preferential arrangement. The larger the trade diversion resulting from the preferential arrangement, the more likely this will be the case.
Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (253)
Downloads: (external link)
http://hdl.handle.net/10.1162/00335539851144162 (application/pdf)
Access to full text is restricted to subscribers.
Related works:
Working Paper: Regionalism and Multilateralism: A Political Economy Approach (1996)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:oup:qjecon:v:113:y:1998:i:1:p:227-251.
Ordering information: This journal article can be ordered from
https://academic.oup.com/journals
Access Statistics for this article
The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva
More articles in The Quarterly Journal of Economics from President and Fellows of Harvard College
Bibliographic data for series maintained by Oxford University Press ().