Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
The Political Economy of Trade Integration
Foyalty 188

The Political Economy of Trade Integration (Paperback)

Usually despatched within 2 weeks.


This dissenmion looks at increasing trade ilUegrorionjrom three angles: FirSl, what are welfare implications of trade integrmion and trading blocks? Second, what mechanism can improve the sustoinabiliry oj trade integration? Third, whO! relationship evolved between trade and foreign direct investment? Chapter I starts by questioning Krugman's (1993) trading block modeJ, which suggested that world trade is increasingly conducted between three trading blocks, which produces a minimum in world welfare. His symmetrical trading block model is extended into a two-sector model, where trade is not only beneficial through increased varieties in a Dixit-Stiglitz framework, but also through comparative advantage. Results show that: (i) regionalism and multilateral ism can be compatible and welfare enhancing; (ii) sequential integration can monotonously increase world welfare; (iii) more dissimilar countries have higher potential benefits from integration; (iv) about one third of potential gains from free-trade under average tariffs are already realized in a system of three trading blocks. Chapter II studies the political sustainability of trade integration. The previous trading-block-model is combined with a political pressure group model, where domestic interest groups lobby their government to proceed with sequential trade integration. Theory shows that trade integration is politically not sustainable viii Pre/(lct when consumers' and producers' interests are opposed, unless a mechanism is designed which links sequential trade integration with factor reallocation and which worsens the best alternative to integration.

BusinessEconomicsInternational economicsInternational tradeBusinessEconomicsPolitical economy Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Publication Date: 16/08/1996 ISBN-13: 9783790809459  Details: Type: Paperback Format: Books
Availability: Usually despatched within 2 weeks. Login for Quick Checkout Add to Basket

More books by Oliver Fratzscher

Leave Review


Delivery Options

All delivery times quoted are the average, and cannot be guaranteed. These should be added to the availability message time, to determine when the goods will arrive. During checkout we will give you a cumulative estimated date for delivery.

Location 1st Book Each additional book Average Delivery Time
UK Standard Delivery FREE FREE 3-5 Days
UK First Class £4.50 £1.00 1-2 Days
UK Courier £7.00 £1.00 1-2 Days
Western Europe** Courier £17.00 £3.00 2-3 Days
Western Europe** Airmail £5.00 £1.50 4-14 Days
USA / Canada Courier £20.00 £3.00 2-4 Days
USA / Canada Airmail £7.00 £3.00 4-14 Days
Rest of World Courier £22.50 £3.00 3-6 Days
Rest of World Airmail £8.00 £3.00 7-21 Days

** Includes Austria, Belgium, Denmark, France, Germany, Greece, Iceland, Irish Republic, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and Switzerland.

Delivery Help & FAQs

Returns Information

If you are not completely satisfied with your purchase*, you may return it to us in its original condition with in 30 days of receiving your delivery or collection notification email for a refund. Except for damaged items or delivery issues the cost of return postage is borne by the buyer. Your statutory rights are not affected.

* For Exclusions and terms on damaged or delivery issues see Returns Help & FAQs

You might also like

External Trade Bulletin of the Arab...
United Nations Publications
Financing for Development: Progress...
United Nations Department for ...
Pharmaceutical Patent Protection and...
Jae Sundaram
Maritime Networks: Spatial structures...
Cesar Ducruet
© W&G Foyle Ltd