THE NEW REGIONALISM

Wilfred J. Ethier

Chapter 11 in The Floating World:Issues in International Trade Theory, 2014, pp 223-235 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Once again, regionalism is afoot. Twin late-1980s announcements, by the United States and Canada of negotiations for a free-trade area, and by the EU of an attempt to complete its internal market, ignited a conflagration of regional integration. Well over a hundred regional arrangements, involving most nations, now exist. Deja vu: the 1950s and 1960s had likewise witnessed many ‘old regionalism’ initiatives. Except for Western Europe, these in the end amounted to little, however, and efforts for preferential trade became quiescent, until the dramatic advent of the ‘new regionalism’.

Keywords: International Trade; Scale Economies; Factor Endowments; Political Economy of Trade Policy; Economic Integration (search for similar items in EconPapers)
Date: 2014
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