Regional trading agreements : natural or supernatural?
FRANKEL, Jeffrey A.
Regional trading agreements : natural or supernatural? - 1996
Summarizes recent research which evaluated the trade-off between trade creation and trade diversion. Concludes that the desirability of regional trading agreements depends on whether the extent of regionalisation exceeds an optional level that is determined by the magnitude of transportation costs between regions.
Regional trading agreements : natural or supernatural? - 1996
Summarizes recent research which evaluated the trade-off between trade creation and trade diversion. Concludes that the desirability of regional trading agreements depends on whether the extent of regionalisation exceeds an optional level that is determined by the magnitude of transportation costs between regions.