Trading Blocs – Alternative Approaches to Analyzing Preferential Trade Agreements (The MIT Press) - Hardcover

Bhagwati, Jagdish N.; Krishna, Pravin; Panagariya, Arvind

Hardcover

ISBN 10: 0262024500 ISBN 13: 9780262024501

Publisher: MIT Press, 1999

Synopsis

The recent proliferation of free trade areas and customs unions in the world tradingsystem has led to an explosive revival of interest in the economic analysis of Preferential TradeArrangements (PTAs). The principal theoretical question of the 1950s and 1960s (Viner) was whetherPTAs would create or divert trade, causing welfare improvement or loss. The principal theoreticalquestion (Bhagwati) of the late 1980s and 1990s has been whether PTAs encourage or discourage theworldwide nondiscriminatory freeing of trade. The essays in this volume present the centralcontributions to the analytical approaches developed to examine these questions.The first section ofthe book presents a synthesis and analytical guide to the issues, and to the theoretical research,as they have developed since 1950. The following sections contain the theoretical contributionsthemselves, grouped by analytical approach. This volume will enable graduate students, scholars ofPTAs, and policymakers concerned with trade liberalization to grasp the analytical relationshipsamong the sometimes disparate contributions of nearly a half century of theoretical research onPTAs.Contributors : Richard Baldwin, Jagdish Bhagwati, Richard Brecher, C. A. Cooper, W. Max Corden,Alan Deardorff, Ronald Findlay, Earl Grinols, Gene Grossman, Elhanan Helpman, Harry G. Johnson,Murray C. Kemp, Pravin Krishna, Paul Krugman, Philip Levy, R. G. Lipsey, B. F. Massell, RobertMundell, Arvind Panagariya, Martin Richardson, T. N. Srinivasan, Robert Stern, Lawrence Summers,Jacob Viner, Henry Y. Wan, Jr.

About this title

About the Authors

Jagdish N. Bhagwati is University Professor of Economics, Law, and International Relations at Columbia University and former Adviser to the Director General of GATT, Arthur Dunkel. He is the author (with Arvind Panagariya) of Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries.

Pravin Krishna is Chung Ju Yung Distinguished Professor of International Economics at Johns Hopkins University.

Arvind Panagariya is Vice Chairman, NITI Aayog (National Institution for Transforming India), Government of India, and Professor of Economics in the School of International and Public Affairs at Columbia University.

Edition details

• Publisher: MIT Press
• Publication date: 1999
• Language: English
• ISBN 10: 0262024500
• ISBN 13: 9780262024501
• Binding: Hardcover
• Number of pages: 610