Free Trade Agreements and Globalisation: In the Shadow of Brexit and Trump
by Arne Melchior (Author)

About the Author
Arne Melchior is Senior Research Fellow at the Centre for International Economics and Trade at the Norwegian Institute of International Affairs (NUPI), Norway. His research interests include international trade and trade policy, economic geography, international inequality and global economic development.

About this book
This book analyses the fast spread of free trade agreements (FTAs) across the globe, their content and their economic impact. In the wake of Brexit and the new protectionism of President Trump, Melchior offers a timely assessment of key issues relating to FTAs.
Dividing the world into seven major regions, he analyses world trade, the globalisation of FTAs and their role within and between the regions. Using a new world trade model, he then presents new evidence on the impact of trade agreements, the value of trade, the impact of China’s growth and the West’s industrial decline, and the role of reciprocity in trade policy. Covering rich and poor countries, commodity exporters and all of the world’s regions, he offers new and original insights about a number of pertinent issues facing today’s world.

Table of contents
1 Introduction and Overview 1
2 A Portrait of World Trade 19
3 The Global Landscape of FTAs 37
4 Tariffs: The Most and the Least Favoured Nations 49
5 Non-tariff Issues in FTAs 67
6 How Important Is Trade? Estimates from a World Trade Model 93
7 Trade, USA and the Rise of China: Pains and Gains 115
8 Global Versus Local Integration and Europe’s Options 131
9 Trade Policy Spillovers and Regulatory Cooperation 147
Appendix A: Data Tables 173
Appendix B: A World Trade Model with Commodities and Differentiated Goods 179
Appendix C: Tables Related to Numerical Model Simulations 211
Appendix D: Teaching Material: A Simple Model of Regional Trade Integration 265
Index 271

Length: 276 pages
Publisher: Palgrave Macmillan; 1st ed. 2018 edition (August 1, 2018)
Language: English
ISBN-10: 3319928333
ISBN-13: 978-3319928333