We address three themes on the New Regionalism. First, the prominent analogy to a “spaghetti bowl” of economic integration agreements (EIAs) should be replaced by reference to a “market” for EIAs. We suggest a systematic economic framework for analyzing “competitive liberalization” of governments in a static, long-run context. Second, we address why ex post measurements of the average (treatment) effects of EIAs on trade seem so “small.” Third, after addressing evidence for long-run determinants of competitive liberalization, we discuss how one might conceptualize the process by which governments select into EIAs over time, that is, the growth of regionalism
To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.