Jump to ContentJump to Main Navigation
Termites in the Trading SystemHow Preferential Agreements Undermine Free Trade$
Users without a subscription are not able to see the full content.

Jagdish Bhagwati

Print publication date: 2008

Print ISBN-13: 9780195331653

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195331653.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 20 January 2019

Why Has the Pandemic Broken Out?

Why Has the Pandemic Broken Out?

(p.15) Chapter 2 Why Has the Pandemic Broken Out?
Termites in the Trading System

Jagdish Bhagwati

Oxford University Press

It is important to first understand that few lay people and policy makers can appreciate the critical difference between preferential trade agreements (PTAs) and genuine multilateral, nondiscriminatory trade liberalization in order to fully understand the many reasons why PTAs have now turned into a pandemic and a pox on the world trading system. While the First Regionalism was certainly influenced by the European Community's first steps and the program of further steps toward full integration, its main impulse was altogether different. This regionalism struggled, and the Second Regionalism was a howling success from the early 1990s. The many elements that have contributed to the remarkable and deplorable turnaround that marks the Second Regionalism are described.

Keywords:   preferential trade agreements, Second Regionalism, First Regionalism, world trading system, trade liberalization, European Community

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .