‘Regionalism’ and the global trade system
Bibliographic Data
| ID | 21543166 |
|---|---|
| Authors | Richard Pomfret (0000-0002-1950-5856, Jean Monnet Chair in the Economics of European Integration University of Adelaide Adelaide South Australia Australia, corresponding author) |
| Year | 2021 |
| Volume | 44 |
| Issue | 9 |
| Pages | 2496-2514 |
| Publication date | 2021-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | World Economy (JOURNAL) |
| Journal identifiers | ISSN: 0378-5920 • E-ISSN: 1467-9701 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/twec.13155 |
| OpenAlex | W3167148972 |
| Language | EN |
| Citations received | 12 |
| References cited | 22 |
The post‐1945 global trading system was designed around the principle of non‐discrimination. During the 1947–94 GATT era, regionalism and multilateralism were often viewed as antagonistic approaches to international trade, and preferential treatment within regional blocs was to be deterred. Since 1995, although regional trade agreements are monitored by the WTO Secretariat and presented as a threat to the system, regionalism poses little threat to the multilateral trading system. This paper argues that major twenty‐first century RTAs go beyond preferential tariff treatment to focus on deeper integration issues. Such issues are addressed outside the WTO because, despite new features of the international trade map since 1995 such as Internet use and global value chains, extension of WTO rules has proved difficult due to the requirement for consensus. The paper analyses the rise of megaregional agreements such as CPTPP and RCEP, the shift in EU policy from protecting domestic producers to facilitating imports from best global suppliers and the use of WTO plurilateral agreements within the context of providing rules fit for purpose in the modern global trading system
Business · Economics · Free trade · Geography · International economics · International trade · Multilateralism · Political science · Politics · Regional trade · Global Trade and Competitiveness · Global trade and economics · Law · World Trade Organization Law
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Trade policy review of Australia
Crises, Adaptation, and Resilience—Exploring Crises Responses of Regional Organizations from the Perspective of EU Studies and Comparative Regionalism
Addressing the Covid-19 Shock
Trade, geopolitics, and environment
English language hegemony
Effects of digital trade export on wage inequality among enterprises
An analysis of the trade policy review of the European Union
Global value chains and regional systems of innovation
International order transition and US-China strategic competition in the indo pacific
Food trade and regional trade agreements – A network perspective
Dynamics of global trade diplomacy
| Unique citing works | 12 |
|---|---|
| Citations per year | 2,4 |
| Citation span | 2021 - 2025 (5) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 10 |