00711nam a2200121Ia 4500 20260716043326.0 PANAGARIYA, Arvind East Asia and the new regionalism in world trade. 1994 Argues 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. 3/7/00 M2LMGR A 44927 44927