Do Trading Blocs Liberalise World Trade?

M. Cumberworth and R. Milbourne

Working Papers from New South Wales - School of Economics

Abstract: regional integration appears to have displaced the multilateral process as a means of liberalising trade in the world economy. Does the pursuit of regional agreements undermine the multilateral process of trade liberalisation embodied in the GATT? In this paper we develop a theoretical framework exploring the optimal size of trade blocs.

Keywords: INTERNATIONAL TRADE; ECONOMIC INTEGRATION (search for similar items in EconPapers)
JEL-codes: F10 F15 F19 R11 (search for similar items in EconPapers)
Pages: 25 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:nesowa:96/11

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