The European union and NAFTA: Two regional economic blocs in a complex globalized and interdependent international economy

Lévy, Brigitte

doi:10.1080/07036339408429005

Cited by 4 publications

(3 citation statements)

References 5 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…European Economic integration is founded upon the principal of internal trade liberalisation coupled with a common external trade policy. Integration in the EU has undergone, broadly, four stages of development (Levy, 1994: 216 et seq).…”

Section: The Case Among the Developed Countriesmentioning

confidence: 99%

The Regionalism in the World Economy: Novel Expectations From an Old Habit

Akman¹,

Dartan²

2015

mjes

View full text Add to dashboard Cite

M. Sait AKMAN* Muzaffer DART AN** World economic relationships have recently been transformed by a process of globalisation whereby economic activity between nations and blocs of nations has become influenced by and (arguably) inextricably linked to the resurgence of the regional integration arrangements (RIAs). This article postulates that, despite the fact that regional bloc formation is not something new, the old theory and practice of regionalism cannot adequately describe the spirit and structure of modern RIAs. This study attempts to assess what countries expect to gain from membership of RIAs and tries to distinguish the motives and forces which derive them towards such organisations. In this respect, modern RIAs are compared with the initial, post-war, model of regional integration. The authors seek to establish that, as regional economies have become increasingly interdependent and homogenous, ever deeper regionalism has become the favorued means of economic regulation unless prompt and wide-ranging multilateral solutions are available to reverse this trend.

show abstract

Section: The Case Among the Developed Countriesmentioning

confidence: 99%

The Regionalism in the World Economy: Novel Expectations From an Old Habit

Akman¹,

Dartan²

2015

mjes

View full text Add to dashboard Cite

show abstract

“…first common market 5 • A reinvigoration of RTAs in modern trade history happened following the conclusion of Article XXIV of GA n. During the 1950s and 1960s, numerous regional agreements among developed and/or developing countries emerged (Levy, 1994) (see Figure 1).…”

Section: R I the Extent Of Regionalism In World Tradementioning

confidence: 99%

The Political Economy of Regionalism in World Trade : Is It Compatible With Multilateralism?

AKMAN¹

2015

mjes

View full text Add to dashboard Cite

Regional trading arrangements (RTAs) became popular in the last decade while the trade negotiations of the Uruguay Round continued under the multilateral track of GATT. This Article reopens a discussion that has divided both economists and policy makers as to whether the trend towards "regionalismn in world trade helps to move the process of multilateral trade liberalization forward or leads to more protectionist preferential/discriminatory practices, thereby undermining the multilateral approach of GATT. The authors, in this study, assess the fallacious view that equates regional freeing of trade with "free traden itself and advocate a ''public choicen approach arguing that whatever the motivations are for the regionalism, they may, on the other hand, give rise to abuse by domestic interest groups for protectionist purposes and therefore endanger the liberalization of the world trading system.

show abstract

“…One of the most distinctive features of an integration arrangement is the liberalization of tariff barriers among integrating economies. The following classification (Levy, 1994) relies mainly on definitions of the different levels of integration that have been offered over the years by numerous scholars (in particular, see Robinson, 1964). It provides an overview of the levels of integration member countries may adopt.…”

Section: An Overview Of the Globalization Process And Levels Of Economentioning

confidence: 99%

Globalization and regionalization: Toward the shaping of a tripolar world economy?

Lévy

1995

The Int. Exec.

Self Cite

View full text Add to dashboard Cite

Trade relations today are undergoing more fundamental change than at any time since immediately after World War II. The rules of the game in international economic relations have changed dramatically, particularly since the early 1980s. The multilateral trading system is facing a severe test, with an apparent tilting of the preferences of its major players in favor of subglobal arrangements. At the same time, a growing number of developing countries are embracing unilateral trade liberalization. This article presents how new developments in international business and trade affect international relations and the evolution of a new world order. In doing this, the process of globalization and economic integration, the building of economic blocs in Europe and North America, and the response from Asia will be examined. © 1995 John Wiley & Sons, Inc.

show abstract

The European union and NAFTA: Two regional economic blocs in a complex globalized and interdependent international economy

Cited by 4 publications

References 5 publications

The Regionalism in the World Economy: Novel Expectations From an Old Habit

The Regionalism in the World Economy: Novel Expectations From an Old Habit

The Political Economy of Regionalism in World Trade : Is It Compatible With Multilateralism?

Globalization and regionalization: Toward the shaping of a tripolar world economy?

Contact Info

Product

Resources

About