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The Regionalization of the World Economy - Chicago Scholarship Online
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The Regionalization of the World Economy

Jeffrey A. Frankel


Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalization has some economists optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade. Including both empirical and theoretical studies, this volume addresses several questions: Why do countries adopt FTAs and other regional trading arrangements? To what extent have existing regional arrangements actually affected patterns of ... More

Keywords: regional economic arrangements, free trade areas, customs unions, currency blocs, regionalization, price differentials, gravity model, bilateral trade flows, FTAs

Bibliographic Information

Print publication date: 1997 Print ISBN-13: 9780226259956
Published to Chicago Scholarship Online: February 2013 DOI:10.7208/chicago/9780226260228.001.0001


Affiliations are at time of print publication.

Jeffrey A. Frankel, editor

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