Open and Closed Regionalism

Stephen Buzdugan

In: Encyclopedia of Governance

Open and Closed Regionalism

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  • Open regionalism and closed regionalism are terms that refer to the degree of outward or inward orientation, respectively, of regional trading agreements to the multilateral trading system. This topic has received much attention in the fields of international political economy (IPE) and economics, particularly due to the sharp increase in the number of new regional organizations formed toward the late 1980s and early 1990s. The debates in these fields have focused on whether these new agreements would act as barriers or catalysts to deeper global economic integration.

    Closed Regionalism

    Closed regionalism is characterized by trade agreements that lower or eliminate barriers to trade among member states of a regional organization, which are not extended to external countries. Closed regionalism is typically associated with the first wave of ...

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