Market Integration Regionalism and the Global Economy

This is a study of the nature and the policy implications of changes in the global economy in relationship to the process of regional integration using the newest techniques of economic analysis. The principal message drawn from these analytical and policy insights is that in a world characterized by trade distortions and nonlinearities regional integration may or may not foster global integration and may or may not advance regional or global convergence. The key is good economic policy based on sound economic analysis.