Synopses & Reviews
Investigating the economics and politics of preferential trade agreements in the multilateral trade system.
Synopsis
The first section of this book presents a rudimentary and intuitive introduction to the economics of preferential trade agreements. The following chapters present the author's theoretical and empirical research on a number of questions surrounding the issue of preferential trade agreements including the design of necessarily welfare-improving trade blocs.
About the Author
Pravin Krishna is Professor of Economics at Brown University. A Faculty Research Fellow of the National Bureau of Economic Research, he has held visiting appointments at Princeton University, Stanford University, and the University of Chicago. Professor Krishna has also served as a consultant to the World Bank and the International Monetary Fund.
Table of Contents
1. Introduction and overview: 1.1 Research objectives; 1.2 Outline; 2. The economics of preferential trade areas: 2.1 Trade creation and trade diversion; 2.2 Revenue transfer effects; 3. Necessarily welfare improving preferential trade areas: 3.1 Customs unions; 3.2 Non-economic objectives; 3.3 Free trade areas; 3.4 Implementation; 4. Geography and natural trading partners: 4.1 Modeling preferential trade liberalization: theory; 4.2 Modeling preferential trade liberalization: econometrics; 4.3 Data and estimation results; 5. Preferential trade agreements and multilateralism.