Regional trade liberalisation: A theoretical review of dynamic time-path and stability issues

Zhang Wei

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

In recent years, the use of regional trade liberalisation arrangements (RTAs) has proliferated, while multilateral negotiations under the WTO have proceeded slowly, resulting in a debate over the roles of regional and multilateral liberalisation. This paper reviews the key theoretical contributions in the debate over RTAs, especially the recently developed themes addressing dynamic time-path and stability issues. However, due to the variety of motivations for RTA member countries to expand trading blocs and for non-members to seek entry, research has found few general conditions under which the formation of RTAs can become the 'stepping stone' or 'stumbling block' towards global free trade.

Original languageEnglish
Pages (from-to)1-14
Number of pages14
JournalAsian-Pacific Economic Literature
Volume25
Issue number1
DOIs
Publication statusPublished - 1 May 2011

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