Multilateral Trade Negociations and Preferential Trading Arrangements

Abstract

AbstractThe following sections are included:IntroductionThe Principles of GATTA Brief History of GATT Negotiating RoundsPreferential Trading Arrangements and the GATTGATT Article XXIVCharacteristics and Consequences of Preferential ArrangementsThe Advantages and Limitations of Multilateralism and Preferential ArrangementsThe Case for MultilateralismRole and Authority of the GATT in a Changing World EconomyCriticisms of Multilateralism and Advantages of Preferential ArrangementsCriticisms of Preferential Trading ArrangementsTheoretical Analysis of the Welfare Effects of the Expansion of Trading BlocsThe Krugman ArgumentA Comparative Advantage ApproachA Four-Country ExampleA Six-Country ExampleA Many-Country CaseTariffsExtensions and CaveatsImplications for the Design of Trading Blocs to Enhance World WelfareAppendixStudy QuestionsReferencesSuggested Further Reading (This abstract was borrowed from another version of this item.)

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