The United States and the New Regionalism/ Bilateralism /

Current U.S. trade policy stresses establishing free trade areas (FTAs) with partners spanning the globe. Motivations include enhancing goods and services trade; stimulating investment flows; extending standards on intellectual property rights, labor, and the environment; and addressing geopolitical...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Yang, Yongzheng
Weitere Verfasser: Hilaire, Alvin
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2003.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2003/206
Online Zugang:Full text available on IMF
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a Current U.S. trade policy stresses establishing free trade areas (FTAs) with partners spanning the globe. Motivations include enhancing goods and services trade; stimulating investment flows; extending standards on intellectual property rights, labor, and the environment; and addressing geopolitical concerns. Simulations of FTAs with the United States highlight the importance of trade complementarity, trade diversion, and welfare losses for nonmembers. Agriculture and textiles play a central role in determining welfare outcomes. Initial improvement in market access enjoyed by participants could be eroded progressively as global liberalization proceeds, and this preference erosion might act as a disincentive to participate in multilateral liberalization. 
538 |a Mode of access: Internet 
700 1 |a Hilaire, Alvin. 
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856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2003/206/001.2003.issue-206-en.xml  |z IMF e-Library