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Regional integration, old and new (English)

After lying dormant for two decades, regional integration is on the rise. Recent initiatives suggest that the world trading system may be moving toward three trading blocs clustered around Japan, the European Community, and the United States. Some view this development as a move toward a less fragmented world trading system; others, as a threat to multilateralism. For a typical developing country, the issue is whether to enter into a regional...
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de Melo, Jaime; Montenegro, Claudio; Panagariya, A.

Regional integration, old and new (English). Policy, Research working papers ; no. WPS 985. Trade policy Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/164691468767387570/Regional-integration-old-and-new

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