Integration of Markets Vs. Integration By Agreements:
This paper provides an analysis of the two channels of regional integration: integration via markets and integration via agreements. Given that East Asia and Latin America are two fertile regions where both forms of integrations have taken place, the authors examine the experiences of these two area...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2008
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| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 URL des Erstveröffentlichers |
| Zusammenfassung: | This paper provides an analysis of the two channels of regional integration: integration via markets and integration via agreements. Given that East Asia and Latin America are two fertile regions where both forms of integrations have taken place, the authors examine the experiences of these two areas. There are four related results. First, East Asia had been integrating via markets long before formal agreements were in vogue in the region. Latin America, by contrast, has primarily used formal regional trade treaties as the main channel of integration. Second, despite the relative lack of formal regional trade treaties until recently, East Asia is more integrated among itself than Latin America. Third, from a purely economic and trade standpoint, the proper sequence of integrations seems to be first integrating via markets and subsequently via formal regional trade agreements. Fourth, regional trade agreements often serve multiple constituents. The reason why integrating via markets first can be helpful is because this can give stronger political bargaining power to the outward-looking economic-oriented forces within the country |
| Beschreibung: | 1 Online-Ressource (38 Seiten)) |
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| spelling | Aminian, Nathalie Verfasser aut Integration of Markets Vs. Integration By Agreements Aminian, Nathalie Washington, D.C The World Bank 2008 1 Online-Ressource (38 Seiten)) txt rdacontent c rdamedia cr rdacarrier This paper provides an analysis of the two channels of regional integration: integration via markets and integration via agreements. Given that East Asia and Latin America are two fertile regions where both forms of integrations have taken place, the authors examine the experiences of these two areas. There are four related results. First, East Asia had been integrating via markets long before formal agreements were in vogue in the region. Latin America, by contrast, has primarily used formal regional trade treaties as the main channel of integration. Second, despite the relative lack of formal regional trade treaties until recently, East Asia is more integrated among itself than Latin America. Third, from a purely economic and trade standpoint, the proper sequence of integrations seems to be first integrating via markets and subsequently via formal regional trade agreements. Fourth, regional trade agreements often serve multiple constituents. The reason why integrating via markets first can be helpful is because this can give stronger political bargaining power to the outward-looking economic-oriented forces within the country Online-Ausg Emerging Markets Free Trade International Bank International Economics & Trade International Trade Law and Development Policy ReseaRch Private Sector Development Public Sector Development Regional Agreements Regional integration Regional trade Regional trade agreements Trade Law Trade Policy Trade and Regional Integration Trade policy Treaties World Trade Organization Ng, Francis Sonstige oth Fung, K.C. Sonstige oth Aminian, Nathalie Sonstige oth Aminian, Nathalie Integration of Markets Vs. Integration By Agreements http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4546 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Aminian, Nathalie Integration of Markets Vs. Integration By Agreements Emerging Markets Free Trade International Bank International Economics & Trade International Trade Law and Development Policy ReseaRch Private Sector Development Public Sector Development Regional Agreements Regional integration Regional trade Regional trade agreements Trade Law Trade Policy Trade and Regional Integration Trade policy Treaties World Trade Organization |
| title | Integration of Markets Vs. Integration By Agreements |
| title_auth | Integration of Markets Vs. Integration By Agreements |
| title_exact_search | Integration of Markets Vs. Integration By Agreements |
| title_exact_search_txtP | Integration of Markets Vs. Integration By Agreements |
| title_full | Integration of Markets Vs. Integration By Agreements Aminian, Nathalie |
| title_fullStr | Integration of Markets Vs. Integration By Agreements Aminian, Nathalie |
| title_full_unstemmed | Integration of Markets Vs. Integration By Agreements Aminian, Nathalie |
| title_short | Integration of Markets Vs. Integration By Agreements |
| title_sort | integration of markets vs integration by agreements |
| topic | Emerging Markets Free Trade International Bank International Economics & Trade International Trade Law and Development Policy ReseaRch Private Sector Development Public Sector Development Regional Agreements Regional integration Regional trade Regional trade agreements Trade Law Trade Policy Trade and Regional Integration Trade policy Treaties World Trade Organization |
| topic_facet | Emerging Markets Free Trade International Bank International Economics & Trade International Trade Law and Development Policy ReseaRch Private Sector Development Public Sector Development Regional Agreements Regional integration Regional trade Regional trade agreements Trade Law Trade Policy Trade and Regional Integration Trade policy Treaties World Trade Organization |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4546 |
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