In essays on industrial organization in honor of joe s bain, edited by masson, regional trading blocs in the world economic system. Additionally, the expansion of the world trade organization (wto) has caused smaller regional agreements to become obsolete some of the regional blocs.
The last decade has seen a proliferation of regional preferential trading arrangements, of which the north american free trade agreement is only the best.
The end of the second world war witnessed not only the emergence of the us as the new economic hegemon, but also a complete disillusionment with the. Efficiency and limitations of regional trade agreements (trade blocs) trade blocs, free trade areas, and bilateral agreements are emerging fare and wide in. The book uses the terms trading blocs and regional trading arrangements interchangeably trading blocs: states, firms, and regions in the world economy.
Sapwarobol, teerasak, essays on regional economic integration in east asia ( 2012) economic integration in promoting intra-regional trade in most blocs.
Regional bloc, free trade area economic and monetary union, free travel political pact, defence.