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- W2954836043 abstract "This paper provides a political economy analysis of the incentives underpinning a country's decision to enter a regional trade agreement when a multilateral free trade agreement is available, and of how entering a regional trade agreement affects the incentives to pursue multilateral trade liberalization. Taking into account the influence exerted by organized interest groups in the formation of trade agreements, we derive a formal condition under which a regional trade agreement is preferred to a multilateral one. Furthermore, we show that a country's decision to enter a regional trade agreement unambiguously undermines the incentives towards multilateral trade liberalization." @default.
- W2954836043 created "2019-07-12" @default.
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- W2954836043 date "2008-01-01" @default.
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- W2954836043 title "Regionalism or Multilateralism? A+L3787 Political Economy Choice" @default.
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- W2954836043 doi "https://doi.org/10.5089/9781451869279.001" @default.
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