Economic Regionalism

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  • Economic Regionalism
    • DEFINITION: the creation of greater economic opportunities among states in the same geographical region
    • Primary form of regional integration
      • early 1990s - advent of 'new regionalism'
        • growth of regional trade blocs
        • deepening of existing trade blocs
        • upsurge = unabated
          • 2005 - only one member of WTO was not party of a Regional Trade Agreement - MONGOLIA
            • 2010 - 462 RTA's had been notified to WTO
              • 1. Established FREE MARKET AREAS
              • 2. CUSTOM UNIONS / CUSTOM MARKETS
              • 3. 'FAVOURED NATION STATUS' - equality within agreements of WTO
  • 2005 - only one member of WTO was not party of a Regional Trade Agreement - MONGOLIA
    • 2010 - 462 RTA's had been notified to WTO
      • 1. Established FREE MARKET AREAS
      • 2. CUSTOM UNIONS / CUSTOM MARKETS
      • 3. 'FAVOURED NATION STATUS' - equality within agreements of WTO

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