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The Economics of Regional Trading Arrangements$
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Richard Pomfret

Print publication date: 2001

Print ISBN-13: 9780199248872

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199248877.001.0001

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Consequences for the International Trading System

Consequences for the International Trading System

Chapter:
(p.357) 18 Consequences for the International Trading System
Source:
The Economics of Regional Trading Arrangements
Author(s):

Richard Pomfret (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0199248877.003.0018

Examines the systemic effects of RTAs on the global economy. Discusses why RTAs tend to proliferate as well as why the multilateral trading system's basis in non‐discriminatory trade policies is resilient. Finally, addresses the question of whether RTAs are building blocks or stumbling blocks in the construction of a liberal international trading system.

Keywords:   multilateral trade, non‐discrimination, regional trading arrangement, trade liberalization, trade policy

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