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Regional Integration Agreements: A Force for Convergence or Divergence?

Abstract:

December 1999 Developing countries may be better served by "north-south" than by "south-south" free trade agreements. Free trade agreements between low-income countries tend to lead to divergence in member country incomes, while agreements between high-income countries tend to lead to convergence. Venables examines how benefits - and costs - of a free trade area are divided among member countries. Outcomes depend on the member countries' comparative advantage, relative to one another and to t...

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Publisher:
World Bank
Series:
Policy Research Working Paper Series
Publication date:
1999-01-01
Language:
English
UUID:
uuid:d0301097-fea1-4ae8-96ad-817267194d3e
Local pid:
oai:economics.ouls.ox.ac.uk:12079
Deposit date:
2011-08-16

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