Abstract
The paper starts with a discussion of potential sources of regionalism in trade; and what, on this basis, might have been expected to be the performance of regionalism. In its main part, this is an empirical analysis of the actual change in the degree of regionalism over the last half-century, distinguishing four major groups of countries as "regions". Judging by two complementary indices, it appears that the share of regional trading in world trade has increased substantially, so that much of the remarkable expansion of global trade has taken place via the channel of trade within specific regions.
Original language | English |
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Pages (from-to) | 425-434 |
Number of pages | 10 |
Journal | Global Economy Journal |
Volume | 14 |
Issue number | 3-4 |
DOIs | |
State | Published - 1 Oct 2014 |
Bibliographical note
Publisher Copyright:Copyright © 2011-2015 by Walter de Gruyter GmbH.
Keywords
- Regionalism
- Twentieth century
- World trade