Overview

Trade liberalization is arguably a major issue in the conduct of commercial policy. As a component of it, the relationship between universal, multilateral trade liberalization and the conclusion of preferential trade agreements that is, a process of liberalization which discriminates between trading partners has been a focus of analysis and debate. This book is designed to enhance understanding of the salient elements of these issues.The book searches for answers to significant questions that have not been raised before, and elaborates those discussed earlier in the literature but not yet settled. Some parts of the book are purely analytical, while others focus on general principles and comprehension of concrete instances and developments. The book formulates a variety of new methods, including the construction of new instruments of measurement, to enable both ex-ante predictions and ex-post assessments of the impact of liberalization and trade preferences. The revised edition incorporates the outcome of two important studies, exploring the impact of liberalization on trade structure and the pattern of regional trade relationships.Contents: Goods vs Factors: When Borders Open, Who Moves?The Pattern of Removal of Trade BarriersPreferential Trade Agreements vs Free TradePartners to a PTA: Implications of Varying SizeSmall Economies: Trade Liberalization, Trade Preferences, and GrowthPreferential Agreements and Past Trade PatternsThe Impact of Liberalization on Trade Structure Ex-Ante Assessment of a Preferential Agreement: Methods Ex-Ante Assessment of a Preferential Agreement: An Application to Latin AmericaAssessing the Bias in Trade Expansion Following a Preferential AgreementProximity, Partnership to Trade Preferences, and the Impact of LiberalizationProximity: The Role of DistanceTrade Relationships Within Regional GroupingsReadership: Researchers and graduate students specializing in trade and development; international organizations; public servants and policymakers in both national and international economies.

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9781282760349

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