Trading Blocs: States, Firms, and Regions in the World Economy

Abstract

This is an examination of the domestic politics involved in the creation of trading blocs. Global commerce is rapidly coalescing around regional trading blocs in North America, Western Europe, Pacific Asia, and elsewhere, with enormous consequences for the world trading system. Trading Blocs examines how domestic politics have driven the emergence of these blocs. Author Kerry Chase argues that certain businesses lobby for trading blocs in order to gain economies of scale or move stages of production abroad. His case studies of domestic trade politics illustrate why recent regional trading arrangements have consistently promoted trade liberalization rather than protectionist backlash. Trading Blocs builds on a growing body of research into political economy and domestic politics, challenging the tendency to explain international trade relations in terms of alliances, power politics, and intergovernmental bargaining. Rich in empirical detail and statistical analysis, this book is perfect for scholars and students in the fields of political science, economics, and business.