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Aggressive pursuit of free trade agreements (FTAs) and customs unions (CUs) by major and minor trading powers alike challenges the conventional wisdom in favor of such pursuit – competitive liberalization. An equally plausible explanation for an active bilateral and regional trade agreement policy, one which effectively de-emphasizes multilateralism, may be competitive imperialism. The protection...
The recent proliferation of Regional Trade Agreements (RTAs) in the last two decades raises questions about the paradigm shift from the multilateral trading system of the World Trade Organization (WTO) to bilateral and regional preferential trade arrangements. Even more questionable is the fact that the United States of America (USA) and the European Union (EU), among the other trading powers of the...
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