emma mawdsley, university of cambridge emerging powers as development actors; how the brics are...
TRANSCRIPT
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Emma Mawdsley, University of Cambridge
• Emerging Powers as development actors; how the BRICS are changing the international aid industry
• 6-7.30pm, Wednesday 13th February
• Birkbeck College, 30 Russell Sq, Room 101
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Regionalism: the rise of regional trading blocs?
• Protectionism and preferential/regional trading arrangements
• Stepping stone or stumbling block? J. Bhagwati… (or… Kostecki’s ‘swamp’?)
• Typology of RTAs
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Issues:
• Spaghetti or soup? Regionalism or Multilateralism?
• GATT/WTO; MFN?
• Trade theory – Customs Unions
• GATT, Article 24
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Protectionism and preferential/regional trading arrangements
•• Preferential trading ‘clubs’ (imperial, commonwealth,
ACP)• Free Trade Area / Association (EFTA, NAFTA)
retain individual external tariffs• Customs Union: FTA + common external tariff
CET (EEC)• Common Market: CU + free movement of factors of
production (EC)• Economic Union (Benelux, EMU), currency, policies
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Customs Union Theory
• J. Viner 1950
• Regions stumbling block/barrier to free trade?
• trade creation vs trade diversion example on hand-out (pdf, Moodle)
• static gains vs dynamic gains
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Protectionism and preferential/regional trading arrangements
•• Preferential trading ‘clubs’ (imperial, commonwealth,
ACP)• Free Trade Area / Association (EFTA, NAFTA)
retain individual external tariffs• Customs Union: FTA + common external tariff
CET (EEC)• Common Market: CU + free movement of factors of
production (EC)• Economic Union (Benelux, EMU), currency, policies
![Page 10: Emma Mawdsley, University of Cambridge Emerging Powers as development actors; how the BRICS are changing the international aid industry 6-7.30pm, Wednesday](https://reader035.vdocuments.mx/reader035/viewer/2022062619/5515d382550346d46f8b4734/html5/thumbnails/10.jpg)
Debates over trade blocks
• See FT diagram…
• Relations between regions …
• Proliferation of RTAs & WTO
• The role of companies in regionalisation debates (Cox in F&L)
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Regionalism vs multilateralism
1 Who benefits? Aggregate vs welfare/marginal2. Market driven or politically driven?3. Inevitable slide to deeper integration?
descriptive or prescriptive?
economic dynamic (MNCs & FDI bind regions?)
4. Is political impetus due to: • desire for internal cohesion, or desire for external leverage?
5. A shift in US (and other OECD?) policy towards bilateralism? - South Korean examples
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