Description
Book SynopsisTrade liberalization has had a major impact on the world economy. As nations continue to engage in preferential trade and with the launching of the first World Trade Organization multilateral round, the need to understand the consequences of trade liberalization has never been greater.
Economic Integration and International Trade is a collection of the most important articles on international economic integration. The volume brings an innovative approach to the literature by using a methodology from the theory of tariffs and reform, rather than the conventional trade diversion and creation taxonomy, to select, organize, and unify contributions from almost fifty years of research. Topics include: the welfare consequences from integration, customs unions versus free trade areas, using international income transfers to facilitate trade liberalization, and the effects of integration on economic growth.
Economic Integration and International Trade makes an important literature accessible to policymakers and business strategists, and to students, researchers, and teachers of economics, international business, political science and international relations.
Table of ContentsContents: Acknowledgements • Introduction Part I: Trade Diversion and Creation, and the General Theory of Second Best 1. Jacob Viner (1950), ‘The Economics of Customs Unions’ 2. Richard G. Lipsey and Kelvin Lancaster (1997), ‘The General Theory of Second Best’ 3. Franz Gehrels (1956-57), ‘Customs Union from a Single-Country Viewpoint’ Part II: Preliminaries A Tariff Changes and Welfare 4. Ronald W. Jones (1969), ‘Tariffs and Trade in General Equilibrium: Comment’ 5. Michihiro Ohyama (1972), ‘Trade and Welfare in General Equilibrium’ B Optimum Tariffs and Retaliation 6. J. de V. Graaf (1949-50), ‘On Optimum Tariff Structures’ 7. Harry G. Johnson (1953-54), ‘Optimum Tariffs and Retaliation’ 8. Eric W. Bond (1990), ‘The Optimal Tariff Structure in Higher Dimensions’ 9. Daniel Gros (1987), ‘A Note on the Optimal Tariff, Retaliation and the Welfare Loss from Tariff Wars in a Framework with Intra-Industry Trade’ C Tariff Reform 10. Tatsuo Hatta (1977), ‘A Theory of Piecemeal Policy Recommendations’ Part III: Results on Integration and Welfare A Integration and National Welfare 11. Richard G. Lipsey (1970), ‘Inter-Commodity Substitution with Constant Real Prices: 2 The Graham Demand Case’ 12. Raymond Riezman (1979), ‘A 3x3 Model of Customs Unions’ 13. Paul Wonnacott and Ronald Wonnacott (1981), ‘Is Unilateral Tariff Reduction Preferable to a Customs Union? The Curious Case of the Missing Foreign Tariffs’ 14. Carsten Kowalczyk (1993), ‘Integration in Goods and Factors: The Role of Flows and Revenue’ B Integration and Union Welfare 15. John McMillan and Ewen McCann (1981), ‘Welfare Effects in Customs Unions’ 16. Konstantine Gatsios and Larry Karp (1991), ‘Delegation Games in Customs Unions’ C Integration and World Welfare 17. Tatsuo Hatta and Takashi Fukushima (1979), ‘The Welfare Effect of Tariff Rate Reductions in a Many Country World’ 18. Carsten Kowalczyk (1992), ‘Paradoxes in Integration Theory’ 19. Murray C. Kemp and Henry Y. Wan, Jr. (1976), ‘An Elementary Proposition Concerning the Formation of Customs Unions’ 20. Paul Krugman (1991), ‘The Move Toward Free Trade Zones’ 21. Alan V. Deardorff and Robert M. Stern (1994), ‘Multilateral Trade Negotiations and Preferential Trading Arrangements’ 22. Eric W. Bond and Constantinos Syropoulos (1996), ‘The Size of Trading Blocs: Market Power and World Welfare Effects’ Part IV: Other Results A Customs Unions versus Free Trade Areas 23. John Kennan and Raymond Riezman (1990), ‘Optimal Tariff Equilibria With Customs Unions’ 24. Martin Richardson (1995), ‘Tariff Revenue Competition in a Free Trade Area’ B Integration and Sidepayments 25. Earl L. Grinols (1981), ‘An Extension of the Kemp-Wan Theorem on the Formation of Customs Unions’ 26. Carsten Kowalczyk and Tomas Sjöström (1994), ‘Bringing GATT into the Core’ C Integration and Growth 27. Richard E. Baldwin (1992), ‘Measurable Dynamic Gains from Trade’ 28. Joy Mazumdar (1996), ‘Do Static Gains from Trade Lead to Medium-Run Growth?’ 29. Gene M. Grossman and Elhanan Helpman (1990), ‘Comparative Advantage and Long-Run Growth’ 30. Luis A. Rivera-Batiz and Paul M. Romer (1991), ‘Economic Integration and Endogenous Growth’ Name Index
