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08 Jul 2009
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£73.00
|Hardback Print on Demand
  
9780230577787
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eBooks ebook on Palgrave Connect ebook available via library subscriptions ebook on ebooks.com 
 
 


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The rapid proliferation of free trade agreements (FTAs) is remarkable given the abundant scepticism about their economic benefits. Policy diffusion models offer the key to this puzzle since they highlight how these different sets of preferential trade agreements are interconnected (either because they generate externalities on non-members or because they disseminate novel policy paradigms), thereby underscoring the impact of peer pressure on FTA dissemination. The book also offers a sophisticated understanding of the drivers behind FTA proliferation, beyond traditional economic arguments, to encompass international political rivalry and the race to shape international trade rules. In so doing, it addresses the fundamental question as to how FTAs affect the regional integration process itself. FTAs can work for or against emergence of coherent regional blocs, and this book explores which conditions favor one outcome over the other.


Description

The rapid proliferation of free trade agreements (FTAs) is remarkable given the abundant scepticism about their economic benefits. Policy diffusion models offer the key to this puzzle since they highlight how these different sets of preferential trade agreements are interconnected (either because they generate externalities on non-members or because they disseminate novel policy paradigms), thereby underscoring the impact of peer pressure on FTA dissemination. The book also offers a sophisticated understanding of the drivers behind FTA proliferation, beyond traditional economic arguments, to encompass international political rivalry and the race to shape international trade rules. In so doing, it addresses the fundamental question as to how FTAs affect the regional integration process itself. FTAs can work for or against emergence of coherent regional blocs, and this book explores which conditions favor one outcome over the other.


Reviews


'The dominant recent development in global trade policy has been the explosive growth of bilateral and regional free trade areas. This excellent volume brings together academic talent from around the Pacific Rim to explore complex and varied issues involved in the evolving policies of individual countries and how they fit together. Bravo for a job well done!' - Edward Lincoln, Director, Centre for Japan-US Business and Economic Studies, New York University, USA

'Why have free trade agreements proliferated at an unprecedented rate since the World Trade Organization was established? Solis, Stallings and Katada and their contributors seek to answer this important question in this theoretically sophisticated volume. A must read for anyone interested in the current evolution of the global trade system.' - John Ravenhill, Australian National University, Australia
 
'In this persuasive book the authors make a major contribution to the understanding of our global political economy. Skillfully combining sustained theoretical ideas and empirical analyses, the work underlines the strategic interaction explaining the race to free trade agreements. A collection of persuasive research that breaks away from conventional thinking.' - Diana Tussie, FLACSO, Argentina


Contents

Explaining FTA Proliferation: A Policy Diffusion Framework; M.Solís & S.N.Katada
PART I: THEMATIC CHAPTERS
Exclusion Fears and Competitive Regionalism in East Asia; S.Urata
Political-Security Competition and the FTA Movement: Motivations and Consequences; M.M.Mochizuki
Competitive Regionalism through Bilateral and Regional Rule Making: Standard Setting and Locking-In; J.Nakagawa
PART II: THE WESTERN HEMISPHERE
The US as a Bilateral Player: The Impetus for Asymmetric Free Trade Agreements; C.Quiliconi & C.Wise
Chile: A Pioneer in Trade Policy; B.Stallings
Competitive Regionalism and México's FTA Strategy; A.Flores-Quiroga
PART III: EAST ASIA
Singapore and ASEAN's Competitive Regionalism in Southeast Asia and Beyond; T.Terada
South Korea's FTAs: Moving from an Emulative to a Competitive Strategy; M.G.Koo
Japan's Competitive FTA Strategy: Commercial Opportunity versus Political Rivalry; M.Solis
China's Competitive FTA Strategy: Realism on a Liberal Slide; J.Yang
Conclusion: Free Trade Agreements in a Competitive World; B.Stallings& S.N.Katada
Bibliography
Index


Authors

MIREYA SOLĺS is Associate Professor at the School of International Service of American University, Washingston D.C., USA. She is the author of Banking on Multinationals (2004) and co-editor of Cross-Regional Trade Agreements (2008).
 
BARBARA STALLINGS is William R. Rhodes Research Professor at the Watson Institute for International Studies, Brown University, Providence, USA, and editor of Studies in Comparative International Development. Previously, she was Director or the Economic Development Division, United Nations Economic Commission for Latin America and the Caribbean, and Professor of Political Economy, Universtity of Wisconsin, USA. Her most recent book is Finance for Development: Latin America in Comparitive Perspective.
 
SAORI N. KATADA is Associate Professor at the School of International Relations, University of Southern California, USA. Her book Banking on Stability: Japan and the Cross-Pacific dynamics of International Financial Crisis Management (2001) has received a Masayoshi Ohira Memorial Book Award.