| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP863
|
| DP863 Eastern Germany: Can't We Be More Optimistic? |
| Michael Burda; Michael Funke
|
| 发表日期 | 1993-12-31
|
| 出版年 | 1993
|
| 语种 | 英语
|
| 摘要 | Regional liberalization sweeps the globe like wildfire while multilateral trade talks proceed at a glacial pace. Why are countries eager to liberalize regionally but reluctant to do so multilaterally? The answer of the GATT-is-dead school is that multilateralism is too cumbersome for contemporary trade issues. This paper proposes a very different answer. Recent regionalism is caused by two idiosyncratic events multiplied by a domino effect. The triggering events the US-Mexico FTA and the European Community's 1992 programme had nothing to do with GATT's health. The domino effect is simple. Political equilibria, which balance anti- and pro-membership forces, determine governments' stances on regional liberalization. Domestic exporters to regional blocs are a powerful pro-membership constituency. An event that triggers closer integration within an existing bloc reduces the profits of non-member exporters, inducing them to boost their pro-membership political activity. The extra activity alters the political equilibrium, leading some countries to join. This enlargement further harms non-member exporters since they now face a disadvantage in a greater number of markets. This second-round effect brings forth more pro-membership political activity and a further enlargement of the bloc. The new political equilibrium is marked by larger regional trading blocs. In the meantime regionalism appears to spread like wildfire. |
| 主题 | International Trade and Regional Economics
|
| 关键词 | European integration
Nafta
Political economy
Regionalism
|
| URL | https://cepr.org/publications/dp863
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530008
|
推荐引用方式
GB/T 7714 |
Michael Burda,Michael Funke. DP863 Eastern Germany: Can't We Be More Optimistic?. 1993.
|
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