Market Integration, Regionalism and the Global Economy

The principal message in this study of the nature and policy implication of changes in the global economy is that the world is characterized by trade distortion... » 

The principal message in this study of the nature and policy implication of changes in the global economy is that the world is characterized by trade distortions and nonlinearities. Regional integration may/may not foster global integration, and may/may not advance regional or global convergence. «