01612cas a2200253 a 4500 AALejournalIMF000555 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842661 1018-5941 BD-DhAAL BD-DhAAL Frankel, Jeffrey. Open Regionalism in a World of Continental Trade Blocs / Jeffrey Frankel, Shang-Jin Wei. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (17 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to satisfy the McMillan criterion of not lowering trade volume with outside countries, they have to engage in a dramatic reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of simultaneous continental trade blocs, an open regionalism in which trade blocs undertake relatively modest external liberalization can usually produce Pareto improvement. Mode of access: Internet Wei, Shang-Jin. IMF Working Papers; Working Paper ; No. 1998/010 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/010/001.1998.issue-010-en.xml IMF e-Library