Customs Unions

David Reisman
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David Reisman: Nanyang Technological University

Chapter 6 in James Edward Meade, 2018, pp 125-145 from Palgrave Macmillan

Abstract: Abstract Free trade was best but Meade, like Viner, saw that regional groupings were emerging. Meade sought to explain the complex relationship between trade creation and trade diversion when policies are coordinated within a group. Some alliances such as the new European Economic Community were imposing a common external tariff that altered the world flow of trade. Meade would have preferred a global solution on the lines of the General Agreement on Tariffs and Trade (GATT) that he had done so much to create in the wartime civil service. He knew nonetheless that he had to take a position on Europe and Britain’s role in the drive towards integration. Recognising there were outside options, he was always ambivalent.

Keywords: Trade creation; Trade diversion; International Trade Organisation (ITO); General Agreement on Tariffs and Trade (GATT); European Economic Community (EEC) (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:gtechp:978-3-319-69281-4_6

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DOI: 10.1007/978-3-319-69281-4_6

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