Paul Wonnacott

The Economic Case for Reciprocal Trade Negotiations: Gains from Both Imports and Exports

1 The neverending story of regional trade agreements 3 Roberto V. Fiorentino 2 Multilateralising regionalism: spaghetti bowls as building blocks on the path to global free trade 31 Richard E. Baldwin 3 Multilateral versus regional trading arrangements: substitutes or complements? 90 Richard G. Lipsey and Murray G. Smith 4 Contemporary regionalism 121 Wilfred J. Ethier 5 The World Trade Organization and international economic integration: legal aspects 136 Dencho Georgiev 6 Preferential liberalisation in a hubandspoke confi guration versus a free trade area 150 Ronald J. Wonnacott 7 The economic case for reciprocal trade negotiations: gains from both imports and exports 167 Paul Wonnacott and Ronald J. Wonnacott 8 Understanding the barriers to entry eff ects of rules of origin in preferential trading arrangements with an application to Asian FTAs 187 Olivier Cadot, Jaime de Melo and Alberto PortugalPérez 9 The limits to integration 204 Michele Fratianni and Francesco Marchionne 10 Technology and globalisation 226 Richard G. Lipsey 11 Globalisation: an anatomy 239 Miroslav N. Jovanović

Canada-U.S. Free Trade: Retrospect and prospect

Abstract This is a revised version of a response by the authors at a joint session of the American Economic Association and the North American Economics and Finance Association in Atlanta on December 28, 1989 on the topic “The Canada-U.S. Free Trade Agreement: The Wonnacotts after 20 Years.”