00664nam a2200097Ia 450000500170000010000230001724500540004026000090009452004440010358300190054720260716043326.0  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