The Resource Global Economic Prospects 2005 : Trade, Regionalism, and Development, (electronic resource)

Global Economic Prospects 2005 : Trade, Regionalism, and Development, (electronic resource)

Label
Global Economic Prospects 2005 : Trade, Regionalism, and Development
Title
Global Economic Prospects 2005
Title remainder
Trade, Regionalism, and Development
Creator
Contributor
Subject
Language
eng
Summary
The proliferation of regional trade agreements is fundamentally altering the world trade landscape. The number of agreements in force surpasses 200 and has risen eight-fold in two decades. Today as much as 40 percent of global trade takes place among countries that have some form of reciprocal regional trade agreement. Global Economic Prospects 2005: Trade, Regionalism, and Development addresses two questions: What are the characteristics of agreements that most promote-or hinder-development for member countries? Does the proliferation of agreements pose risks to the multilateral trading system, and if so, how can these risks be managed? The report argues that agreements leading to open regionalism-that is, deeper integration of trade as a result of low external tariffs, increased services competition, and efforts to reduce cross-border and customs delays costs-are effective as part of a larger trade strategy to promote growth. Such regional agreements can complement a strategy that, on the one hand, includes autonomous liberalization to promote productivity gains and, on the other hand, leverages domestic reforms to enhance market access. Although regional agreements can prove beneficial to member countries, they can have adverse effects on excluded countries. Lowering of border barriers around the world is crucial to minimizing these effects. The completion of the Doha Development Agenda by all countries in the World Trade Organization will reduce the risk of trade diversion associated with regional agreements and will decrease trade losses of countries excluded from agreements
Member of
Government publication
international or intergovernmental publication
Index
index present
Literary form
non fiction
Nature of contents
dictionaries
http://bibfra.me/vocab/lite/organizationName
World Bank
http://library.link/vocab/relatedWorkOrContributorName
World Bank
Series statement
Global Economic Prospects
http://library.link/vocab/subjectName
  • Currencies and Exchange Rates
  • Economic Theory and Research
  • Emerging Markets
  • Finance and Financial Sector Development
  • Free Trade
  • International Economics & Trade
  • Macroeconomics and Economic Growth
  • Private Sector Development
  • Trade and Regional Integration
Label
Global Economic Prospects 2005 : Trade, Regionalism, and Development, (electronic resource)
Instantiates
Publication
Color
multicolored
Control code
WOBA1482
Dimensions
unknown
Extent
1 online resource (172 p.)
Form of item
online
Isbn
9780821357477
Other control number
10.1596/0-8213-5747-6
Specific material designation
remote
System control number
  • (The World Bank)1482
  • (The World Bank)1482
Label
Global Economic Prospects 2005 : Trade, Regionalism, and Development, (electronic resource)
Publication
Color
multicolored
Control code
WOBA1482
Dimensions
unknown
Extent
1 online resource (172 p.)
Form of item
online
Isbn
9780821357477
Other control number
10.1596/0-8213-5747-6
Specific material designation
remote
System control number
  • (The World Bank)1482
  • (The World Bank)1482

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