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https://hdl.handle.net/2440/70800
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Type: | Journal article |
Title: | Regional trade liberalisation: A theoretical review of dynamic time-path and stability issues |
Author: | Wei, Zhang |
Citation: | Asian-Pacific Economic Literature, 2011; 25(1):1-14 |
Publisher: | Blackwell Publishing |
Issue Date: | 2011 |
ISSN: | 0818-9935 |
School/Discipline: | School of Economics |
Statement of Responsibility: | Zhang Wei |
Abstract: | In recent years, the use of regional trade liberalisation arrangements(RTAs) has proliferated, while multilateral negotiations under the WTO have proceeded slowly, resulting in a debate over the roles of regional and multilateral liberalisation. This paper reviews the key theoretical contributions in the debate over RTAs, especially the recently developed themes addressing dynamic time-path and stability issues. However, due to the variety of motivations for RTA member countries to expand trading blocs and for non-members to seek entry, research has found few general conditions under which the formation of RTAs can become the ‘stepping stone’ or ‘stumbling block’ towards global free trade. |
Rights: | © 2011 The Author. Journal compilation © 2011 Crawford School of Economics and Government, The Australian National University and Blackwell Publishing Asia Pty Ltd. |
DOI: | 10.1111/j.1467-8411.2011.01282.x |
Appears in Collections: | Economics publications |
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