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The Political Economy of A Trade-First Approach to Regionalism

Bird, G and Rajan, R The Political Economy of A Trade-First Approach to Regionalism [Working Paper]

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Abstract

Regional integration has become commonplace in the world economy. Moreover, there is clear evidence of a �trade first� approach to regionalism. What is the logic behind this approach? Is it that trade integration prepares the ground for monetary integration by helping to fulfil optimum currency area criteria? Having analysed the economic interrelationship between regional trade integration and monetary union, the paper contends that the �trade first� strategy can instead be explained in political economy terms; there is a higher political return to trade integration. The paper concludes by examining the implications for the future of both regionalism and multilateralism.

Item Type: Working Paper
Authors :
NameEmailORCID
Bird, Gg.bird@surrey.ac.ukUNSPECIFIED
Rajan, RUNSPECIFIEDUNSPECIFIED
Depositing User : Symplectic Elements
Date Deposited : 16 May 2017 15:13
Last Modified : 17 May 2017 14:33
URI: http://epubs.surrey.ac.uk/id/eprint/818151

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