内容

目次

What is a trading block and is that the way the World is going?;principles and prospects for world trading rules - the GATT and GATT reform;customs union theory brought up to date; the tariff compensating customsunion; policy instruments and the problems of implementing good tradepolicies; new instruments of protection, imperfect competition and theirrelevance of the Most Favoured Nation Principle; can trade block formationreplace the GATT?; implications for policy of large producers and increasingreturns to scale; migration of factors within and between blocks; currenciesand exchange rate stabilization as trade promoting devices; problems ofeconomic convergence and non-convergence within a block.