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On the relationship between preferential and multilateral trade liberalization : the case of customs unions

By:

Saggi, Kamal

Material type: Text

TextPublication details: 2013Action note:

6/28/13 SANDRAW

Summary: Compares equilibrium outcomes of two types of trade liberalization. Looks at bilateralism where countries choose whether to liberalise trade preferentially via a customs union (CU) multilaterally, or not at all; multilateralism in which countries cann form CUs and can only undertake non-discriminatory trade liberalisation. Isolates circumstances where the option to form CUs helps further the cause of multilateral liberalisation as well as where it does not.

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Compares equilibrium outcomes of two types of trade liberalization. Looks at bilateralism where countries choose whether to liberalise trade preferentially via a customs union (CU) multilaterally, or not at all; multilateralism in which countries cann form CUs and can only undertake non-discriminatory trade liberalisation. Isolates circumstances where the option to form CUs helps further the cause of multilateral liberalisation as well as where it does not.

6/28/13 SANDRAW

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