Global Economic Prospects 2005: Trade, Regionalism, and Development

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The book explores the rise of bilateral and regional trading arrangements amid stalled WTO negotiations, examining their impact on global trade dynamics. It addresses key questions about which types of agreements foster development and deeper integration, and whether they enhance or hinder participation in multilateral trade discussions like the Doha talks. Through analysis, it aims to clarify the implications of these arrangements on the global trading system and their potential to reshape economic cooperation.