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Regional trade agreements: trends, taxonomy and motivation

Abstract:

This chapter discusses the proliferation of RTAs, their growth trends, various forms of RTAs, motivation to form them and preconditions/principles for successful regional integration.

Key words

regional trade agreement

South Asia

economic cooperation

Proliferation of regional trade agreements in the world economy

In the last four decades the developing countries have become more visible on the global stage, as their share of world trade increased from around one-fifth in 1960 to one-third in 2004 at a time when global trade as a whole was increasing to unprecedented levels. In every region, exports outpaced the growth of output and increased as a share of GDP (gross ...

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