List of figures

List of tables

Preface

Acknowledgements

List of conference participants

1 Introduction

Richard Baldwin

Daniel Cohen

Andre Sapir

Anthony Venables

PART ONE: REGIONALISM AND THE GLOBAL ECONOMY

2 Regionalism vs. multilateralism

L. Alan Winters

1 Introduction

2 Definitions and classifications

3 Models of tariff regimes

4 What the evidence suggests

5 Finale

Appendix: and index of multilateralism?

Discussion

Andre Sapir

3 Preferential agreements and the multilateral trading system

Kyle Bagwell

Robert W. Staiger

1 Introduction

2 Reciprocity

3 Reciprocity and non-discrimination

4 Preferential agreements

5 Enforcement

6 Conclusions

Discussion

Raquel Fernandez

4 Politics and trade policy

Elhanan Helpman

1 Introduction

2 Political economy approaches

3 Double-edged diplomacy

Discussion

Thierry Verdier

5 Globalisation and labour, or: if globalisation is a bowl of cherries, why are there so many glum faces around the table?

Dani Rodrik

1 Introduction

2 Trade and wages

3 The consequences of increased international mobility by firms for the rent-sharing bargain

4 Trade and labour standards

5 Quantifying labour standards and their consequences

6 Trade, external risk and the role of government

7 Conclusions

Discussion

Alasdair Smith

6 Openness and wage inequality in developing countries: the Latin American challenge to East Asian conventional wisdom

Adrian Wood

1 Heckscher-Ohlin theory

2 Overview of empirical evidence

3 Differences between East Asia and Latin America

4 Differences between 1960s-1970s and 1980s-1990s

5 Summary and conclusions

Discussion

Riccardo Faini

1 Greater international mobility of capital

2 Discriminatory trade liberalisation

3 Perverse trade-policy effects

PART TWO: MARKET INTEGRATION AND REGIONALISM

7 Operationalising the theory of optimum currency areas

Tamim Bayoumi

Barry Eichengreen

1 Introduction

2 A review of theory and empirics

3 New evidence: German unification and economic integration

4 Conclusion

Discussion

Jean Pisani-Ferry

1 Introduction

2 Some shortcomings in the operationalisation of OCA theory

3 Dynamic interactions between economic integration and monetary integration: are they already perverse?

8 European migrants: an endangered species?

Riccardo Faini

1 Introduction

2 The fall in intra-European mobility

3 Migration and migration intentions in Italy and Spain

4 Job-search and job-mobility attitudes

5 Economic integration and labour mobility

6 Conclusions

Discussion

Richard Baldwin

9 Geography and specialisation: industrial belts on a circular plain

Anthony J. Venables

1 Introduction

2 Overview of the model

3 Centre vs. periphery

4 Industries differing in trade costs

5 Industrial linkages

6 Alternative input-output structures

7 Implications and conclusions

Appendix: the model

Discussion

Alasdair Smith

10 Convergence... an overview

Giuseppe Bertola

1 Introduction

2 What the data say

3 Endogenous vs. exogenous growth theories

4 Relaxing neoclassical assumptions

5 Economic integration and income distribution

6 Conclusions

Discussion

Daniel Cohen

11 Convergence as distribution dynamics (with or without growth)

Danny T. Quah

1 Introduction

2 Theoretical models

3 Empirics

4 Conclusions

Discussion

Lucrezia Reichlin

1 Can we study convergence without addressing the distribution question?

2 The proposed empirical framework

3 What can we potentially learn?

4 Convergence

5 Inference

6 An alternative framework

Index