Academics, policy-makers, and graduate students involved with and interested in the world trading system.
Richard Pomfret, University of Adelaide
Review(s) from previous edition"At a time when the world treaty system seems to be caught up in a burst of enthusiasm for preferential trading arrangements, Richard Pomfret's book is especially welcome. In my judgement, it provides the best analysis yet available of the economics of these arrangements. - Anne O. Krueger, Stanford University.
"...considers a wide range of aspects that are discussed and evaluated carefully. The book is a very useful and honest survey of a complex and controversial subject.
" - Frank Dietler, Universitat Basel.
"A thorough, balanced, and wide-ranging summary and analysis of regional trading arrangements. This book is a tour de force. The index and extensive list of references further contribute to the usefulness of the book." - R.L. Lucier, CHOICE, December 1998.
"Pomfret's study is one of the best available surveys of the varied issues that regionalism presents in its specifically trading aspects. [His] review of mainstream theory and its leading extensions is a model of penetration and clarity.
" - Economic Journal
List of tables. List of figures. Abbreviations.
PART I: HISTORY
Introduction to Part I
2.: Evolution of the Most-Favoured Nation Principle up to 1929
3: Commercial Policies in the 1930s
4: Non-discrimination in the GATT
5: Discrimination in International Trade, 1947-1985
6: Regionalism versus Multilateralism during the Uruguay Round
7: Regionalism and the World Trade Organization
PART II: THEORY
Introduction to Part II
8: The Mainstream from Viner to the JCM Proposition
9: Extending the Model
10: The New Regionalism
11: Numbers and Geography
PART III: EMPIRICAL EVIDENCE 14. Other Free Trade Areas and Customs Unions. 15. Trade Preferences for Developing Countries. 16. Global Issues.
Introduction to Part III
12: Western European Integration
13: North America
14: Other Free Trade Areas and Customs Unions
15: Trade Preferences for Developing Countries
16: Global Issues
PART IV: POLITICAL ECONOMY
Introduction to Part IV
17: Why do Discriminatory Trading Arrangements Exist?
18: Consequences for the International Trading System
19: Summary and Prospects
Appendix: Discriminatory Trading Arrangements between the USA and Canada before CUSTA