Will Preferential Agreements Undermine The Multilateral Trading System?  

Oleh:

Bagwell, Kyle ; Staiger, Robert W.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 108 no. 449 (Jul. 1998), page 1162-1182.
Fulltext: 1162.pdf (326.05KB)

Isi artikel

Is bilateralism bad? This question was the title of Paul Krugman's provocative paper on regionalism (Krugman, 1991a), and the pursuit of an answer has spawned the regionalism versus multilateralism debate. The answer to this question turns largely on how one answers the related question posed by Jagdish Bhagwati (Bhagwati, 1991): will regional agreements ± or more accurately, preferential agreements ± undermine the multilateral trading system? On one side of the debate are those who argue that preferential agreements can complement existing multilateral efforts to foster greater economic integration among countries, and should therefore be encouraged. On the other side are those who see such agreements as a threat to the multilateral system.

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