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    Online Resource
    Online Resource
    Integration of Markets Vs. Integration By Agreements (2008)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Aminian, Nathalie Integration of Markets Vs. Integration By Agreements
    Keywords: Emerging Markets ; Free Trade ; International Bank ; International Economics & Trade ; International Trade ; Law and Development ; Policy ReseaRch ; Private Sector Development ; Public Sector Development ; Regional Agreements ; Regional integration ; Regional trade ; Regional trade agreements ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Trade policy ; Treaties ; World Trade Organization ; Emerging Markets ; Free Trade ; International Bank ; International Economics & Trade ; International Trade ; Law and Development ; Policy ReseaRch ; Private Sector Development ; Public Sector Development ; Regional Agreements ; Regional integration ; Regional trade ; Regional trade agreements ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Trade policy ; Treaties ; World Trade Organization ; Emerging Markets ; Free Trade ; International Bank ; International Economics & Trade ; International Trade ; Law and Development ; Policy ReseaRch ; Private Sector Development ; Public Sector Development ; Regional Agreements ; Regional integration ; Regional trade ; Regional trade agreements ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Trade policy ; Treaties ; World Trade Organization
    Abstract: This paper provides an analysis of the two channels of regional integration: integration via markets and integration via agreements. Given that East Asia and Latin America are two fertile regions where both forms of integrations have taken place, the authors examine the experiences of these two areas. There are four related results. First, East Asia had been integrating via markets long before formal agreements were in vogue in the region. Latin America, by contrast, has primarily used formal regional trade treaties as the main channel of integration. Second, despite the relative lack of formal regional trade treaties until recently, East Asia is more integrated among itself than Latin America. Third, from a purely economic and trade standpoint, the proper sequence of integrations seems to be first integrating via markets and subsequently via formal regional trade agreements. Fourth, regional trade agreements often serve multiple constituents. The reason why integrating via markets first can be helpful is because this can give stronger political bargaining power to the outward-looking economic-oriented forces within the country
    URL: Volltext  (Deutschlandweit zugänglich)
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