n African Finance Journal - Trade blocs : barriers or stepping stones for global trade




Should the Clinton Administration put higher priority on multilateral trade liberalization or on regional trade liberalization? Before I attempt to answer that question, I begin with the case for trade liberalization in general, and a statement of Clinton Administration policy. I will then address two big questions regarding the current regionalism. First: how great an influence is these arrangements having on the actual patterns of trade flows? Second: is regionalism good or bad? The second question in turn breaks down to two parts.


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