WK9_13Oct_Ch12_Tradingbloc

WK9_13Oct_Ch12_Tradingbloc - Week 9 (October 13, 2011)...

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Week 9 (October 13, 2011) Today: Finish Ch. 10 Start Ch. 12: Trading Blocs
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A Step Towards One Market Types of Economic Integration Preferential Trading Arrangement or FTA Customs Union Common Market Economic Community
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No PTA Mexico tariff tariff tariff Japan 17% 17% tariff 2% tariff 2%tariff
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With PTA or FTA Mexico tariff 17% tariff Japan tariff 2% tariff U.S.
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With Customs Union CXT Mexico tariff 5% tariff Japan tariff 5% tariff U.S.
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With Common Market also free factor mobility Mexico tariff 5% tariff Japan tariff 5% tariff U.S. L,K
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¿Net Effect on FTA member? COMMON VIEW Free Trade with partners (+)
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Free Trade with Partners Access to Larger Export Market Gain specialization efficiencies Permits scale economies Stimulates investment Lobby as a block for free trade Adopt more efficient institutions/policies competition policy, more transparency
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Trade Area of the Americas (FTAA) The FTAA countries $13 trillion market $3.4 trillion in
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WK9_13Oct_Ch12_Tradingbloc - Week 9 (October 13, 2011)...

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