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Open Regionalism

C. Fred Bergsten

No WP97-3, Working Paper Series from Peterson Institute for International Economics

Abstract: "Open regionalism" represents an effort to resolve one of the central problems of contemporary trade policy: how to achieve compatibility between the explosion of regional trading arrangements around the world and the global trading system as embodied in the World Trade Organization. The concept seeks to assure that regional agreements will in practice be building blocks for further global liberalization rather than stumbling blocks that deter such progress.

Date: 1997-01
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