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The Regionalization of the World Economy

The Regionalization of the World Economy
Jeffrey A. Frankel, editor

Table of Contents:

Introduction
Jeffrey A. Frankel

1: Determinants of Bilateral Trade: Does Gravity Work in a Neoclassical World?
Alan V. Deardorff

Comment: Jeffrey H. Bergstrand
Comment: Gene M. Grossman

2: The Role of History in Bilateral Trade Flows
Barry Eichengreen, Douglas A. Irwin


Comment: Robert Z. Lawrence
Comment: Paul Wonnacott

3: Why Do Countries Seek Regional Trade Agreements?
John Whalley


Comment: Eric W. Bond
Comment: Dani Rodrik

4: Continental Trading Blocs: Are They Natural or Supernatural?
Jeffrey A. Frankel, Ernesto Stein, Shang-Jin Wei


Comment: Paul Krugman
Comment: T. N. Srinivasan

5: The Welfare Implications of Trading Blocs among Countries with Different Endowments
Antonio Spilimbergo, Ernesto Stein


Comment: John Haveman
Comment: Edward E. Leamer

6: Regional Patterns in the Law of One Price: The Roles of Geography versus Currencies
Charles Engel, John H. Rogers


Comment: Kenneth A. Froot
Comment: Michael Knetter

7: Regionalization of World Trade and Currencies: Economics and Politics
Jeffrey A. Frankel, Shang-Jin Wei


Comment: David Hummels
Comment: Philip I. Levy

8: Tariff Phase-Outs: Theory and Evidence from GATT and NAFTA
Carsten Kowalczyk, Donald Davis


Comment: Arvind Panagariya
Comment: Robert W. Staiger

9: Overview
Anne O. Krueger