Economic Regionalism
- Created by: lilysaffron
- Created on: 10-03-14 21:40
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- Economic Regionalism
- DEFINITION: the creation of greater economic opportunities among states in the same geographical region
- Primary form of regional integration
- early 1990s - advent of 'new regionalism'
- growth of regional trade blocs
- deepening of existing trade blocs
- upsurge = unabated
- 2005 - only one member of WTO was not party of a Regional Trade Agreement - MONGOLIA
- 2010 - 462 RTA's had been notified to WTO
- 1. Established FREE MARKET AREAS
- 2. CUSTOM UNIONS / CUSTOM MARKETS
- 3. 'FAVOURED NATION STATUS' - equality within agreements of WTO
- 2010 - 462 RTA's had been notified to WTO
- 2005 - only one member of WTO was not party of a Regional Trade Agreement - MONGOLIA
- early 1990s - advent of 'new regionalism'
- 2005 - only one member of WTO was not party of a Regional Trade Agreement - MONGOLIA
- 2010 - 462 RTA's had been notified to WTO
- 1. Established FREE MARKET AREAS
- 2. CUSTOM UNIONS / CUSTOM MARKETS
- 3. 'FAVOURED NATION STATUS' - equality within agreements of WTO
- 2010 - 462 RTA's had been notified to WTO
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