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Blocs or Rounds? An Analysis of Two Approaches to Trade Liberalization

Datos Bibliográficos

ID6239719
AutoresHeemin Kim (Florida State University), Dale L Smith (0000-0003-0854-9973, Florida State University)
Año1997
Volumen30
Número3
Páginas427-449
Fecha de publicación1997-09-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaCanadian Journal of Political Science (JOURNAL)
Identificadores de la revistaISSN: 0008-4239 • E-ISSN: 1744-9324
EditorialCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0008423900015961
OpenAlexW2076568368
IdiomaEN
Referencias citadas37

This article examines the properties and relative strengths of two approaches to reducing barriers to trade among nations: multilateral negotiating rounds versus regional economic blocs. Instead of focusing on the net welfare gains—the macro-level effects—that result either from each member of the system reducing trade barriers to all its partners (rounds) or from reductions among a subset of states (blocs), the analysis focuses on the institutional features (group size and the voting and enforcement mechanisms) that may affect individual nations'micro-level motivations to participate in and abide by certain trade arrangements. Existing models in formal theory are used to analyze these approaches in terms of voting games and collective action models

Action (physics · Affect (linguistics · Collective action · Economics · Enforcement · Free trade · International economics · International trade · Macro · Market economy · Microeconomics · Negotiation · Political science · Public economics · Sociology · Voting · Welfare · Computer Science · Economic Policies and Impacts · Game Theory and Applications · Global trade and economics

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