00635nam a2200085Ia 4500100002300000245005400023260000900077520044400086583001900530  aPANAGARIYA, Arvind  aEast Asia and the new regionalism in world trade.  c1994  aArgues that the costs of sub-regional preferential trading schemes such as the ASEAN outweigh their benefits.  Evaluates the case for a region-wide, discriminatory bloc along the lines of the EU or NAFTA, and concludes that though the threat of such a bloc may keep the NAFTA and EU from turning into closed blocs, its actual execution is a risky proposition.  Evaluates the case for GATT-style, MFN-based nondiscriminatory liberalisation.  c3/7/00kM2LMGR