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Zusammenfassung In a world of trade distortions and nonlinearities! regional integration may not always foster global integration and convergence. The key is good economic policy based on sound analysis. Using new techniques of economic analysis! this volume studies the process of regional integration and reaches some important analytical and political conclusions. Inhaltsverzeichnis 1. Introduction Richard Baldwin, Daniel Cohen, Andre Sapir and Anthony Venables; Part I. Regionalism and the Global Economy L. Alan Winters: 2. Discussion Andre Sapir; 3. Preferential agreements and the multilateral trading system Kyle Bagwell and Robert W. Staiger; Discussion Raquel Fernandez; 4. Politics and trade policy Elhanan Helpman; Discussion Thierry Verdier; 5. Globalisation and labour, or if globalisation is a bowl of cherries, why are there so many glum faces around the table Dani Rodrik; Discussion Alasdair Smith; 6. Openness and wage inequality in developing countries: the Lation American challenge to East Asian conventional wisdom; Discussion Riccardo Faini; Part II. Market Integration and Regionalism: 7. Operationalising the theory of optimum currency areas Tamim Bayoumi and Barry Eichengreen; Discussion Jean Pisani-Ferry; 8. European Migrants: an endangered species? Riccardo Faini; Discussion Richard Baldwin; 9. Geography and specialisation: industrial belts on a circular plain Anthony J. Venables; Discussion Alisdair Smith; 10. Convergence ... an overview Giuseppe Bertola; Discussion Daniel Cohen; 11. Convergence as distribution dynamics (with or without growth) Danny T. Quah; Discussion Lucrezia Reichlin.
