Contents
1 Introduction
2 Multilateralism vs. Regionalism
2.1 Regional Trade Agreements – Types and Development
2.2 GATT Regulations
3 New Regionalism – Impact on World Trade
3.1 Positive vs. Negative Effects
3.2 Winners and Losers
3.3 NAFTA effects on the Mexican and the World economy
4 Conclusion
5 Bibliography
In 2009 German exports totaled 816 billion Euros in value. (EU Observer, 2010).During the 20th century cross-border trade has become one of the defining parameters for many economies and their enterprises in order to achieve competitive advantages. In most countries international trade represents a significant share of the gross domestic product (see figure 1, p.5). Free trade policies have set the base for these global economic integration tendencies.This essay examines the desirability of regional economic integration in comparison to the multilateral trade approach promoted by the World Trade Organization (WTO). In specific it discusses the question whether regionalism encourages or discourages trends towards free trade on a global basis.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Multilateralism vs. Regionalism
- Regional Trade Agreements - Types and Development
- GATT Regulations
- New Regionalism - Impact on World Trade
- Positive vs. Negative Effects
- Winners and Losers
- NAFTA effects on the Mexican and the World economy
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This essay examines the benefits and drawbacks of regional economic integration compared to the multilateral trade approach advocated by the World Trade Organization (WTO). It delves into the question of whether regionalism fosters or hinders the global movement toward free trade.
- The relationship between regionalism and multilateralism in global trade
- The positive and negative effects of regional trade agreements on world trade
- The impact of regional trade agreements on economic development and welfare
- The winners and losers in regional trade agreements
- The case study of NAFTA and its effects on the Mexican and global economies
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter introduces the essay's topic and context, highlighting the significance of international trade for modern economies and the growing trend towards global economic integration.
- Multilateralism vs. Regionalism: This chapter explores the two primary approaches to global economic integration: multilateralism and regionalism. It discusses the benefits of free trade and how both approaches are driven by the pursuit of increased economic welfare.
- New Regionalism - Impact on World Trade: This chapter delves into the impact of new regionalism on world trade, examining both the positive and negative effects. It analyzes the potential winners and losers in these arrangements and explores the case of NAFTA's impact on Mexico and the global economy.
Schlüsselwörter (Keywords)
The primary keywords and focus topics of this essay include regionalism, multilateralism, free trade, regional trade agreements, World Trade Organization (WTO), global economic integration, NAFTA, and the Mexican economy.
- Quote paper
- Patrick Daum (Author), 2011, New regionalism tendencies and the impact on world trade, Munich, GRIN Verlag, https://www.grin.com/document/193127
