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2006•Unpublished venueOpen access

Economic Analysis of Regional Trade Agreements

D. Viet, William Watson

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Abstract

Abstract This chapter discusses the results of economic analyses of regional trade agreements (RTA). The recent proliferation of RTA poses a number of interesting and difficult questions for economists. These questions are concerned with the reasons and motivations for the increasing number of RTA and whether it is welfare-improving. The analyses reveal that RTA are often not long term, most RTA are mainly in free trade areas, and the World Trade Organization (WTO) is implicated in the growth of RTA.

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Abstract This chapter discusses the results of economic analyses of regional trade agreements (RTA). The recent proliferation of RTA poses a number of interesting and difficult questions for economists. These questions are concerned with the reasons and motivations for the increasing number of RTA and whether it is welfare-improving. The analyses reveal that RTA are often not long term, most RTA are mainly in free trade areas, and the World Trade Organization (WTO) is implicated in the growth of RTA.

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Available abstract

Abstract This chapter discusses the results of economic analyses of regional trade agreements (RTA). The recent proliferation of RTA poses a number of interesting and difficult questions for economists. These questions are concerned with the reasons and motivations for the increasing number of RTA and whether it is welfare-improving. The analyses reveal that RTA are often not long term, most RTA are mainly in free trade areas, and the World Trade Organization (WTO) is implicated in the growth of RTA.

Key concepts: Regional trade, Economic welfare, Economic integration, Economics, Welfare, World trade, International trade, International economics

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