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Multilateralism and Regionalism in the Post-Uruguay Round Era - What Role for the EU? (Hardcover, 1999 ed.)
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Multilateralism and Regionalism in the Post-Uruguay Round Era - What Role for the EU? (Hardcover, 1999 ed.)
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The Post-Uruguay Round era has seen a proliferation of regional
preferential trade agreements (PTAs), as well as progressive
multilateral trade liberalization initiatives. This has stimulated
theoretical discussion on whether the policy of pursuing PTAs will
have a malign or a benign impact on multilateralism. In the former
case, proliferation of PTAs may increase protection in global trade
due to trade diversion effects, thereby creating impediments to the
multilateral freeing of global trade. In the latter case, the
expansion of PTA membership could ultimately lead to
non-discriminatory global free trade. At the core of this
discussion two issues are at stage: what determines the expansion
of PTA membership and how to bring order into the architecture of
the world trading system. While those questions are mainly studied
from a specialist perspective in the literature, this volume offers
a comprehensive view on this topic. In Multilateralism and
Regionalism in the Post-Uruguay Round Era: What Role for the EU?
international experts: Explain the reasons for the concurrent
appearance of regionalism and multilateralism in the Post-Uruguay
Round era; Shed light on the motives of both the two economic
superpowers (the United States and the EU) and the developing
countries for pursuing PTAs; Confront growing preferential
regionalism with the academic consensus on the superiority of
multilateralism; Discuss the future of the PTAs; Assess the access
of the EU market for the products of LDCs; Offer a better
understanding of the experience of African, Latin American and
Asian countries concerning access to the EU market for their
products; and Discuss the possibilities of disciplining the
PTAroute towards global free trade within the WTO framework.
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