Regionalism and Multilateralism: A Political Economy Approach
从新政治经济学视角分析特惠贸易安排,认为贸易转移型安排更易获得政治支持,且可能使原本可行的多边自由化变得不可行。
Preferential trading arrangements are analyzed from the viewpoint of the “new political economy” that views trade policy as being determined by lobbying of concentrated interest groups. Two conclusions are reached: first, that trade-diverting preferential arrangements are more likely to be supported politically; and second, that such preferential arrangements could critically change domestic incentives so multilateral liberalization that is initially politically feasible could be rendered infeasible by a preferential arrangement. The larger the trade diversion resulting from the preferential arrangement, the more likely this will be the case.