Economic Determinants of Regional Integration . Caroline Freund World Bank Geneva November 4, 2010. Evolution of Regional Trade Agreements. Average Number of Partners. Concerns about Regionalism. Unnatural Agreements—Political support centers around trade diverting agreements
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Economic Determinants of Regional Integration
November 4, 2010
R path I
R path II
R path IV
R path III
Adapted from Bhagwati 1993
Dos this enhance growth?
Does this lead to more synchronized GDP movements?