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Title:21st century regionalism: Filling the gap between 21st century trade and 20th century trade rules PDF Logo
Authors:Baldwin, Richard
Issue Date:2011
Series/Report no.:WTO Staff Working Paper ERSD-2011-08
Abstract:This paper weaves several sets of facts into an argument that: 1) today's trade is radically more complex, involving a trade-investment-service nexus, 2) this 21st century trade demanded deeper disciplines which were supplied by 21st century regionalism while the WTO was otherwise occupied, and 3) 21st century regionalism has quite different implications for the world trading system than the traditional thinking suggests. The paper also argues that the traditional thinking (building-stumbling-block and Vinerian economics) is not up to the job of analysing 21st century regionalism. An alternative framework is not provided, but elements a new approach should encompass are discussed.
Subjects:regionalism
multilateralism
WTO
JEL:F13
F15
Document Type:Working Paper
Appears in Collections:WTO Staff Working Papers, Economic Research and Statistics Division, WTO

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