00716nam a2200085Ia 4500100002300000245003800023260000900061520054100070583001900611  aPANAGARIYA, Arvind  aRegionalism debate : an overview.  c1999  aOffers an overview of the debate on the merits of regional arrangements as an instrument of trade liberalisation.  Spells out some key definitions, describes the WTO  provisions permitting regional arrangements and recounts the main historical events which led to the current wave of regionalism.  Reviews the economic effects of Preferential Trade Areas (PTAs) on union members and the global trading system.  Examines two terms viz. 'open regionalism' and 'deep integration'.  Provides suggestions for reforming the WTO rules on PTAs.  c3/7/00kM2LMGR