Regional Integration as Diplomacy

Regional integration agreements are examples of second-best policies and have an ambiguous impact on welfare. This article builds a model in which regional integration agreements unambiguously raise welfare by correcting for externalities. It assum...

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Bibliographic Details
Main Authors:	Schiff, Maurice, Winters, L. Alan
Format:	Journal Article
Language:	English en_US
Published:	World Bank 2013
Subjects:	ABSOLUTE VALUE AGRICULTURAL TRADE ANDEAN PACT AVERAGE TARIFFS BENEFITS OF TRADE BORDER MEASURES CAPITAL GOODS CIVIL WAR COMMON MARKET COMPARATIVE ADVANTAGE CONCESSIONS CONSUMER PRICES CONSUMERS CURRENCY CUSTOMS CUSTOMS UNION CUSTOMS UNIONS DEMAND CURVE DEMAND CURVES DEMOCRACIES DEMOCRACY DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DIVIDEND DOMESTIC TAXES ECONOMIC AGREEMENTS ECONOMIC COOPERATION ECONOMIC INTEGRATION ECONOMIC OBJECTIVES ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC POWER ECONOMIC REFORM ECONOMIC RELATIONS ECONOMIC RESEARCH ECONOMIC THEORY ECONOMIC WELFARE ECONOMICS RESEARCH ECONOMIES OF SCALE ELASTICITY ELASTICITY OF DEMAND EMBARGO EQUATIONS EQUILIBRIUM EUROPEAN UNION EXPORT SUBSIDIES EXPORTS EXTERNAL BARRIERS EXTERNAL TARIFF EXTERNAL TARIFFS EXTERNAL TRADE EXTERNAL TRADE BARRIERS EXTERNAL TRADE POLICY EXTERNALITIES EXTERNALITY FACE VALUE FOREIGN DIRECT INVESTMENT FOREIGN SOURCES FORMAL ANALYSIS FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS FUNCTIONAL FORMS GENERAL AGREEMENT ON TARIFFS GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM MODEL GLOBAL TRADING GRANGER CAUSALITY HARMONIZATION HOME COUNTRY IMPACT OF TRADE INCOME INCOMES INSURANCE INTERNAL MARKET INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL POLITICS INTERNATIONAL TRADE INTERNATIONAL TRADING MARGINAL PRODUCTS MARGINAL UTILITY MARGINAL VALUE MARKET ACCESS MARKET SEGMENTATION MARKET SHARE MUTUAL INVESTMENT MUTUAL RECOGNITION MUTUAL RECOGNITION OF STANDARDS NASH EQUILIBRIUM NATIONAL INCOME OPEN MARKETS OPTIMIZATION OUTPUT PER CAPITA INCOME POLICY RESEARCH POSITIVE EXTERNALITIES POSITIVE EXTERNALITY POTENTIAL CONFLICTS PREFERENTIAL TRADE PREFERENTIAL TRADE AGREEMENTS PREFERENTIAL TRADING ARRANGEMENTS PRESENT VALUE PRICE OF IMPORTS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PUBLIC GOOD REGIONAL GROUPS REGIONAL INTEGRATION REGIONAL INTEGRATION AGREEMENT REGIONAL INTEGRATION AGREEMENTS REGIONAL POWERS REGIONAL TRADE REGIONAL TRADE AGREEMENTS REGIONALISM RULES OF ORIGIN SECURITY CONCERN SECURITY CONCERNS SINGLE MARKET SMALL COUNTRIES SOCIAL CAPITAL SOCIAL COST SOCIAL DEMAND SOCIAL VALUE SOCIAL VALUES SOCIAL WELFARE TARIFF RATE TAX TAX RATE TAXATION TERMS OF TRADE TRADE BARRIERS TRADE BLOCKS TRADE CREATION TRADE DIVERSION TRADE FLOWS TRADE FRICTIONS TRADE LIBERALIZATION TRADE MODEL TRADE MORE TRADE NEGOTIATIONS TRADE POLICIES TRADE POLICY TRADE PREFERENCES TRADE RELATIONS TRADE SURPLUS TRADE TAXES TRADING BLOCS TRADING SYSTEM UNILATERAL LIBERALIZATION URUGUAY ROUND UTILITY FUNCTION UTILITY MAXIMIZATION VALUE OF IMPORTS WEALTH WELFARE FUNCTION WELFARE GAINS WELFARE LOSS WORLD ECONOMY WORLD MARKET WORLD PRICES
Online Access:	http://documents.worldbank.org/curated/en/1998/05/17718660/regional-integration-diplomacy http://hdl.handle.net/10986/16435

Internet

http://documents.worldbank.org/curated/en/1998/05/17718660/regional-integration-diplomacy
http://hdl.handle.net/10986/16435

Regional Integration as Diplomacy

Internet

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