The rapid proliferation of free trade agreements (FTAs) is remarkable
given the abundant scepticism about their economic benefits.
Policy diffusion models offer the key to this puzzle since they highlight how
these different sets of preferential trade agreements are interconnected (either because
they generate externalities on non-members or because they disseminate novel policy
paradigms), thereby underscoring the impact of peer pressure on FTA dissemination. The
book also offers a sophisticated understanding of the drivers behind FTA proliferation,
beyond traditional economic arguments, to encompass international political rivalry and
the race to shape international trade rules. In so doing, it addresses the fundamental
question as to how FTAs affect the regional integration process itself. FTAs can
work for or against emergence of coherent regional blocs, and this book
explores which conditions favor one outcome over the other.
MIREYA SOLĺS is Associate Professor at the School of International
Service of American University, Washingston D.C., USA. She is the author of Banking on
Multinationals (2004) and co-editor of Cross-Regional Trade Agreements (2008).
BARBARA STALLINGS is William R. Rhodes Research Professor at the Watson
Institute for International Studies, Brown University, Providence, USA, and editor of
Studies in Comparative International Development. Previously, she was Director or
the Economic Development Division, United Nations Economic Commission for Latin
America and the Caribbean, and Professor of Political Economy, Universtity of Wisconsin,
USA. Her most recent book is Finance for Development: Latin America in Comparitive
Perspective.
SAORI N. KATADA is Associate Professor at the School of International
Relations, University of Southern California, USA. Her book Banking
on Stability: Japan and the Cross-Pacific dynamics of International Financial Crisis
Management (2001) has received a Masayoshi Ohira Memorial Book Award.
Table of Contents
Explaining FTA Proliferation: A Policy Diffusion Framework;
M.Solís & S.N.Katada
PART I: THEMATIC CHAPTERS
Exclusion Fears and Competitive Regionalism in East Asia; S.Urata
Political-Security Competition and the FTA Movement: Motivations and Consequences;
M.M.Mochizuki
Competitive Regionalism through Bilateral and Regional Rule Making: Standard
Setting and Locking-In; J.Nakagawa
PART II: THE WESTERN HEMISPHERE
The US as a Bilateral Player: The Impetus for Asymmetric Free Trade Agreements;
C.Quiliconi & C.Wise
Chile: A Pioneer in Trade Policy; B.Stallings
Competitive Regionalism and México's FTA Strategy; A.Flores-Quiroga
PART III: EAST ASIA
Singapore and ASEAN's Competitive Regionalism in Southeast Asia and Beyond;
T.Terada
South Korea's FTAs: Moving from an Emulative to a Competitive Strategy;
M.G.Koo
Japan's Competitive FTA Strategy: Commercial Opportunity versus Political Rivalry;
M.Solis
China's Competitive FTA Strategy: Realism on a Liberal Slide; J.Yang
Conclusion: Free Trade Agreements in a Competitive World;
B.Stallings& S.N.Katada
Bibliography
Index
312 pages, hardcover