Multilateralism And Regionalism In Global Economic Governance

Author: Junji Nakagawa
Publisher: Routledge
ISBN: 1136703659
Size: 41.48 MB
Format: PDF
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Reconciling regionalism and multilateralism is a challenge common to all branches of global economic governance. While the Bretton Woods/GATT (WTO) institutions, decades-old multilateral framework for global economic governance, are facing serious challenges to their effectiveness, regional framework are emerging as complementary or alternative means of global economic governance. The real challenge is how to reconcile multilateralism and regionalism in global economic governance. This book tackles this problem by analysing issues of multilateral/regional conciliation and coordination in global economic governance, focusing on Asia. Chapters of the book deal with challenges of multilateralism and regionalism in three fields of global economic governance, namely, global monetary/financial governance, global trade governance, and global investment governance. The major regional focus is on Asia, though some chapters deal with regionalism in Europe and North America. Topics include Asian Monetary Fund and Asian financial architecture, open accession provisions of regional trade agreements, and APEC’s role in multilateral investment rules. As a whole, the book elucidates the contemporary reach of Asian regionalism in global economic governance, and shows the neat balance between regionalism and multilateralism in global economic governance. It is of particular use to the students and practitioners of international economic law, international political economy, international finance and international economics, both with and without Asian focus.

Multilateralism Or Regionalism

Author: Guido Glania
Publisher: CEPS
ISBN: 9290796030
Size: 77.98 MB
Format: PDF, Kindle
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This new book highlights the multifaceted effects of regional trade agreements and outlines the strategic options for EU trade policy. It points out what is new about this most recent phase of regionalism and analyzes the effects on economic welfare and trade transaction costs. The authors draw upon elements of game theory to explore a self-reinforcing mechanism that is resulting in a potentially damaging race for markets. They focus in particular on the multiple impacts of regionalism on the WTO and the multilateral trading order. The book arrives at an opportune time, as the Doha Round is reaching a critical phase.

Multilateralism And Regionalism In The Post Uruguay Round Era

Author: Olga Memedovic
Publisher: Springer Science & Business Media
ISBN: 1461552257
Size: 63.69 MB
Format: PDF, Docs
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The Post-Uruguay Round era has seen a proliferation of regional preferential trade agreements (PTAs) as well as progressive multilateral trade liberalization initiatives. This has stimulated theoretical discussion on whether the policy of pursuing PTAs will have a malign or a benign impact on multilateralism. In the former case, proliferation of PT As may increase protection in global trade due to trade diversion effects, thereby creating impediments to multilateral freeing of global trade. In the latter case, the expansion of PTA membership could ultimately lead to non-discriminatory global free trade. At the core of this discussion is the question of how to explain the preference for PTA membership. While some economists view the expansion of PTA membership as exogenously determined, participants of the Fourth Annual Workshop of the Network EU-LDC Trade and Capital Relations also considered endogenous factors explaining increased PTA membership. This book offers a closer look at the motives of policy makers in both developed and developing countries to still adhere to PTAs, notwithstanding the theoretical superiority of multilateralism, and addresses the question of how to bring order into the world trading system. These issues are dealt with in 9 chapters by scholars from both the EU and LDCs. Each paper is discussed in terms of its policy relevance by a policy maker as well as by an academic specialized in the field.

Multilateralism Regionalism And Bilateralism In Trade And Investment

Author: Philippe De Lombaerde
Publisher: Springer Science & Business Media
ISBN: 1402059515
Size: 20.14 MB
Format: PDF
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In 2001, the United Nations University launched UNU-CRIS, a research and training programme on comparative regional integration to study the role of regional integration in global governance. This is a timely product of the research undertaken at UNU-CRIS. The report represents a unique collaboration between all regional UN Economic Commissions. It focuses on one of the central issues in the debate on global governance.

Multilateralism And Regionalism After The Uruguay Round

Author: Riccardo Faini
Publisher: Springer
ISBN: 1349255025
Size: 57.20 MB
Format: PDF, ePub
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The book deals with both the short and the long-run effects of the Uruguay Round: the reduction in the obstacles to trade, the enlargement of the multilateral system, the new institutional framework and the balance between regionalism and multilateralism in world trade relations. Its conclusions are based on theory, political economy and empirical analysis.

Regionalism And Multilateralism

Author: Amitav Acharya
Publisher: Marshall Cavendish International
Size: 57.99 MB
Format: PDF, Kindle
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These essays, written between 1990 and 2000, cover the most significant phase of multilateral institution-building in the Asia Pacific region. They deal with: the emergence of regionalism in Southeast Asia; ASEAN's transition to the post-Cold War era; the role of the ASEAN Regional Forum; the engagement of China; the changing relationship between sovereignty and regionalism; and prospects for the regional institutions such as ASEAN, APEC and the ARF after the Asian economic crisis. The essays address the most challenging issues of regional order and articulate an institutionalist understanding of international relations in the region. This updated second edition includes four new chapters and two revised chapters.

Regionalism Multilateralism And Deeper Integration

Author: Robert Z. Lawrence
Publisher: Brookings Institution Press
ISBN: 9780815722991
Size: 37.12 MB
Format: PDF, Kindle
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Over the past decade, international economic liberalization has been pursued through both multilateral and regional arrangements. In the Uruguay Round, more than one hundred governments pledged their commitment to greater open trade in goods and services, and established new rules under the enforcement of the World Trade Organization. At the same time, however, many regional arrangements have been negotiated--including the European Union and the North American Free Trade Agreement. Nonetheless, controversy still rages about these arrangements. Are regional arrangements stumbling blocks or, in fact building blocks for a more integrated and successful international economy? In this book, Robert A. Lawrence addresses this question and explains both sides of the debate. A volume of Brookings' Integrating National Economies Series

Regionalism Multilateralism And The Politics Of Global Trade

Author: Donald Barry
Publisher: UBC Press
ISBN: 9780774807524
Size: 11.35 MB
Format: PDF, ePub, Docs
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The essays in Regionalism, Multilateralism, and the Politics ofGlobal Trade reflect this debate and give it focus. Thecontributors, all recognized experts, explore the changing relationshipbetween regionalism and multilateralism and examine the implicationsfor national policy in a global trading system. Their discussioncentres on four interrelated themes: the changing nature ofregionalism, emerging patterns of interregional relations, the evolvingrelationship between regionalism and multilateralism, and theimplications for state policy (particularly for Canada).

Regionalism Or Multilateralism A Political Economy Choice

Author: Giorgia Albertin
Publisher: International Monetary Fund
Size: 55.70 MB
Format: PDF, Mobi
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This paper provides a political economy analysis of the incentives underpinning a country's decision to enter a regional trade agreement when a multilateral free trade agreement is available, and of how entering a regional trade agreement affects the incentives to pursue multilateral trade liberalization. Taking into account the influence exerted by organized interest groups in the formation of trade agreements, we derive a formal condition under which a regional trade agreement is preferred to a multilateral one. Furthermore, we show that a country's decision to enter a regional trade agreement unambiguously undermines the incentives towards multilateral trade liberalization.