COMPARATIVE ANALYSIS OF REGIONAL TRADE BLOCS
Journal: International Journal of Advanced Research (Vol.11, No. 11)Publication Date: 2023-11-15
Authors : Karunya Dahikar;
Page : 1232-1236
Keywords : Regional Trade Blocs International Trade Economic Development Trade Liberalization Comparative Analysis Multilateral Liberalization;
Abstract
This research paper investigates the impact of regional trade blocs (RTBs) on global trade and economic growth, adopting a comparative perspective. Regional trade agreements (RTAs) have gained significant prominence in the global economy due to their role in promoting trade liberalization and economic integration among member nations. This study aims to assess the potential for multilateral liberalization within these blocs and examines how political and ideological differences influence the effectiveness of RTBs. Additionally, it explores the consequences of the proliferation of RTAs on international trade dynamics and their broader economic implications. The analysis begins by examining the effects of RTBs on global trade. The study compares the trade performance of RTB member countries with non-member countries to assess the extent to which RTBs contribute to trade expansion. Furthermore, the research investigates the impact of RTBs on economic growth. The economic integration fostered by RTBs can lead to increased investment flows, technology transfer, and productivity gains. It considers the potential spillover effects of RTBs on non-member countries, as increased regional integration may create both opportunities and challenges for economies outside the bloc. The analysis also delves into the complexities of multilateral liberalization within RTBs. While RTBs aim to promote trade liberalization among member countries, the presence of political and ideological differences can hinder the achievement of comprehensive agreements. The study explores the challenges faced by RTBs in reaching consensus on sensitive issues such as agriculture, intellectual property rights, and services trade. It examines the role of political dynamics and power asymmetries within RTBs in shaping the outcomes of negotiations.
Other Latest Articles
- PUBLIC TRANSPORT IN URBAN-RURAL RELATIONS IN THE JACQUEVILLE DEPARTMENT (COTE DIVOIRE)
- Mental Health, Pandemic and Sustainability: What World Do We Want? We Need to Talk About Environmental Psychology |Biomedgrid
- A PROSPECTIVE STUDY ON AWARENESS OF COVID-19 VACCINATION AMONG PATIENTS WITH DIFFERENT TYPES OF CANCER
- ENFORCING CORPORATE SOCIAL RESPONSIBILITY (CSR): AN ASSESSMENT OF INSTITUTIONAL ACTIONS AGAINST MULTINATIONAL OIL AND GAS COMPANIES IN NIGERIA
- STUDY ON THE RISK OF COLLAPSE OF BLOCK WALLS IN JAPAN DURING EARTHQUAKES
Last modified: 2024-01-05 18:46:40