271. Regional Trade Blocs: The Way to the Future?
- Author:
- Alejandro Foxley
- Publication Date:
- 09-2010
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- While middle-income countries have pursued regional trade agreements since the 1960s, these ties are becoming more important as the global economic crisis curtails demand from the United States and other major markets. With the Doha Round of multilateral trade talks stalled, regional trade agreements (RTAs) offer an alternative approach to increase trade, spur stronger economic growth, and lower unemployment rates in participating countries.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- United States, Asia, and Latin America