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Political - economic analysis of free-trade agreements.

By:

LEVY, Philip I

Material type: Text

TextPublication details: 1997Action note:

3/7/00 M2LMGR

Summary: Demonstrates that bilateral free-trade agreements can undermine political support for further multilateral trade liberalization. Points out that if a bilateral trade agreement offers dis-proportionately large gains to key agents in a country, then their reservation utility is raised above the multilateral free-trade level, and a multilateral agreement would be blocked.

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Item type	Current library	Status	Barcode
Analytic	CARICOM Documentation Centre	Available	0000000016306

Demonstrates that bilateral free-trade agreements can undermine political support for further multilateral trade liberalization. Points out that if a bilateral trade agreement offers dis-proportionately large gains to key agents in a country, then their reservation utility is raised above the multilateral free-trade level, and a multilateral agreement would be blocked.

3/7/00 M2LMGR

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