Despite The Successes Achieved In Liberalizing Trade By Multilateral Trade Negotiations Sponsored By The World Trade Organization (Wto) Numerous Countries Have Separately Negotiated Preferential Trade Treaties With One Another. Representing A Significant Departure From The Wto''S Central Principle Of Non-Discrimination Among Member Countries Preferential Trade Blocs Are The Subject Of An Intense Academic And Policy Debate. The First Section Of This 2005 Book Presents A Rudimentary And Intuitive Introduction To The Economics Of Preferential Trade Agreements. The Following Chapters Present The Author''S Theoretical And Empirical Research On A Number Of Questions Surrounding The Issue Of Preferential Trade Agreements Including The Design Of Necessarily Welfare-Improving Trade Blocs The Quantitative (Econometric) Evaluation Of The Economic (Welfare) Impact Of Preferential Trade Liberalization And The Impact Of Preferential Trade Agreements And The Multilateral Trade System.
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