Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalization has some economists optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade. Including both empirical and theoretical studies, this volume addresses several important questions: Why do countries adopt FTAs and other regional trading arrangements? To what extent have existing regional arrangements actually affected patterns of trade? What are the welfare effects of such arrangements? Several chapters explore the economic effects of regional arrangements on patterns of trade, either on price differentials or via the gravity model on bilateral trade flows. In addition, this book examines the theoretical foundation of the gravity model. Making extensive use of the gravity model of bilateral trade, several chapters explore the economic effects of regional arrangements. In addition, this book examines the theoretical foundation of the gravity model.

Regions. How they emerge and how they are dramatically changing the appearance of the present 'world of states' and its related forms of governance from local to global levels is analysed in this monograph. But what are regions? Regions can be small or huge. They can be part of a single state, be composed out of different states or stretched out across borders. They can be important recognized economic, social or cultural entities or they can be largely ignored by the people who live on a region's territory. They can be well-defined with clear cut boundaries as is the case in so-called 'constitutional regions' or they can be fuzzy as for instance in cross-border regions. In sum, they are not a natural kind and defining regions is not a simple task. Luk Van Langenhove advances the concept of region building as an alternative to the construction of regions with three issues of region building being explored: - Why are regions built in a world of states? - How do region building processes take place? - How are regions transforming the present world order? Crossing disciplinary boundaries, this book is an exercise in theorizing regions and brings together under one conceptual framework, different processes and concepts such as regional integration, devolution, federalism, and separatism and refines the social constructionist view on regions

Covers trends from 1957 to 1995.

In the evolving post-Westphalian world regional entities become key political and economic players as the authors argue in this volume. As a result of regionalization, the international politics and economics is witnessing great transformations too. This volume explores some ideas of how these transformations may develop. It is written by three generations of researchers and scholars at European, Russian, and Asian higher education institutions. Their different perspectives are integrated in a coherent, multi-dimensional view to answer challenges facing what is called increasingly “Greater Eurasia”. The volume employs a rigorous conceptual framework over a wide geographic range and applies different approaches to ask and answer challenging questions. The arguments presented in this book are built around the concepts of regionalism and transregionalism. The volume is focusing on three different geographical entities: Europe, Eurasia and East Asia, and examines ASEM, EAEU, BRI, EU, ASEAN, CIS, as well as TTIP, TTP, OBOR .

This book explores the relationship between regionalization and global governance, surveying the theoretical debates, economic dimensions, security considerations and governing structures.

The emerging role of regional systems of relations is an important feature of the new global politics. While the European Union is the most advanced case, most other parts of the world display at least the beginnings of regional systems. Using a multidisciplinary approach, the contributors examine these processes from a comparative perspective, concentrating on the following questions: what constitute a region? how is the historical process of region-formation unfolding? what motives and factors underlie this drive to regionalisation? what forms a regional awareness and institutionalisation are emerging, and where? what are the future prospects?

This collection explores the importance of regionalization and globalization to the world economy, particularly questioning whether the world economy is characterized by increasing regionalization, rather than globalization. International contributors explore the processes in the Pacific area, the Americas, Africa and Europe and make an important contribution to current debates in development economics.