emma mawdsley, university of cambridge emerging powers as development actors; how the brics are...
Post on 28-Mar-2015
213 Views
Preview:
TRANSCRIPT
Emma Mawdsley, University of Cambridge
• Emerging Powers as development actors; how the BRICS are changing the international aid industry
• 6-7.30pm, Wednesday 13th February
• Birkbeck College, 30 Russell Sq, Room 101
Regionalism: the rise of regional trading blocs?
• Protectionism and preferential/regional trading arrangements
• Stepping stone or stumbling block? J. Bhagwati… (or… Kostecki’s ‘swamp’?)
• Typology of RTAs
Issues:
• Spaghetti or soup? Regionalism or Multilateralism?
• GATT/WTO; MFN?
• Trade theory – Customs Unions
• GATT, Article 24
Protectionism and preferential/regional trading arrangements
•• Preferential trading ‘clubs’ (imperial, commonwealth,
ACP)• Free Trade Area / Association (EFTA, NAFTA)
retain individual external tariffs• Customs Union: FTA + common external tariff
CET (EEC)• Common Market: CU + free movement of factors of
production (EC)• Economic Union (Benelux, EMU), currency, policies
Customs Union Theory
• J. Viner 1950
• Regions stumbling block/barrier to free trade?
• trade creation vs trade diversion example on hand-out (pdf, Moodle)
• static gains vs dynamic gains
Protectionism and preferential/regional trading arrangements
•• Preferential trading ‘clubs’ (imperial, commonwealth,
ACP)• Free Trade Area / Association (EFTA, NAFTA)
retain individual external tariffs• Customs Union: FTA + common external tariff
CET (EEC)• Common Market: CU + free movement of factors of
production (EC)• Economic Union (Benelux, EMU), currency, policies
Debates over trade blocks
• See FT diagram…
• Relations between regions …
• Proliferation of RTAs & WTO
• The role of companies in regionalisation debates (Cox in F&L)
Regionalism vs multilateralism
1 Who benefits? Aggregate vs welfare/marginal2. Market driven or politically driven?3. Inevitable slide to deeper integration?
descriptive or prescriptive?
economic dynamic (MNCs & FDI bind regions?)
4. Is political impetus due to: • desire for internal cohesion, or desire for external leverage?
5. A shift in US (and other OECD?) policy towards bilateralism? - South Korean examples
top related