Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2015 | 10 | nr 3 | 105--128
Tytuł artykułu

World Trade and Regional Trade Orientation in the Context of Forthcoming Transatlantic Trade and Investment Partnership

Treść / Zawartość
Warianty tytułu
Języki publikacji
We analyse potential consequences of the forthcoming Trade and Investment Partnership between the European Union and the United States (TTIP) for trade orientation of both partners. We do so along with the short analysis of the characteristics of the third wave of regionalism and the TTIP position in this process as well as the dominant role of the EU and the U.S. in the world economy - especially - in the world trade. Next, we study trade orientation of the hypothetical region created in result of TTIP. We use regional trade introversion index (RTII) to analyze trade between the EU and the U.S. that has taken place until now to get familiar with the potential changes caused by liberalization of trade between both partners. We analyze RTII for mutual trade of the EU and the U.S. Then, we apply disaggregated data to analyze and compare selected partial RTII (e.g. for trade in final and intermediate goods as well as goods produced in the main sectors of economy like agriculture or manufacturing). The analysis of the TTIP region's orientation of trade based on the historical data from the period 1999-2012 revealed several conclusions. Nowadays, the trade between the EU and the U.S. is constrained by the protection applied by both partners. Trade liberalization constituting one necessary part of TTIP will surely help to intensify this trade. The factor of special concern is trade of agricultural products which is most constrained and will hardly be fully liberalized even within a framework of TTIP. Simultaneously, both parties are even now trading relatively intensively with intermediaries, which are often less protected than the average of the economy for the sake of development of final goods' production. The manufactured goods are traded relatively often as well, mainly in consequence of their poor protection after many successful liberalization steps in the framework of GATT/WTO. Consequently, we point out that in many respects the TTIP will be important not only for its participants, but for the whole world economy as well. TTIP appears to be an economic and political project with serious consequences for the world economy and politics. (original abstract)
Opis fizyczny
  • Warsaw School of Economics, Poland
  • Warsaw School of Economics, Poland
  • Balassa B. (1961). Economies of Scale in the European Common Market. Economia Internazionale, 14(2).
  • Czarny E. & Folfas P. (2014). Changes in trade introversion of Asian regional trading arrangements as a measure of their openness to regional and global cooperation (comparative analysis), forthcoming.
  • Czarny E. & Menkes J. (2008). Napływ kapitału bezpośredniego a system polityczno - gospodarczy w krajach słabo rozwiniętych. Myśl Ekonomiczna i Prawna, 2(21).
  • Czarny E., Menkes J. & Śledziewska K. (2010). Znaczenie liberalizacji dyskryminacyjnej w handlu światowym. Wyzwania Gospodarki Globalnej. Prace i Materialy. Instytutu Handlu Zagranicznego Uniwersytetu Gdańskiego, 28(1).
  • Czarny E., Menkes J. & Śledziewska K. (2014), Transatlantic Trade and Investment Partnership - facts and context, forthcoming.
  • Felbermayr G., Heid B., Larch M. & Jalcin E. (2015), Macroeconomic potentials of transatlantic free trade: a high resolution perspective for Europe and the world. Economic Policy, 30(83).
  • Felbermayr G., Heid B. & Lehwald S. (2013), Transatlantic Free Trade: Winners, Losers, and Necessary Accompanying Measures. Law and Business Review of the Americas, 19(4).
  • Fiorentino R.V., Crawford J. & Toqueboeuf C. (2014), The landscape of regional trade arrangements and WTO surveillance. In: R. Baldwin, C. Wyplosz, The Economics of European Integration. New York: McGraw-Hill.
  • Fontagne L., J. Gourdon & S. Jean (2013), Translatantic Trade: Whiter Partnership, Which Economic Consequences? CEPII Policy Brief , 12.
  • Francois J., Manchin M., Norberg H., Pindyuk O. & Tomberger P. (2013), Reducing Transatlantic Barriers to Trade and Investment, An Economic Assessment. Final Project Report under Implementing Framework Contract TRADE10/A2/A16.
  • Iapadre L. (2006). Regional Integration Agreements and the Geography of World Trade: Statistical Indicators and Empirical Evidence. In: P. De Lombaerde (Ed.), Assessment and Measurement of Regional Integration. London: Routledge.
  • Pelkmans J., Leour A., Schrefler L., Mustilli F. & Timini J. (2014), The Impact of TTIP. The underlying economic model and comparisons. CEPS Special Report, 93/2014.
  • WITS,
  • World Trade Report (2011). Geneva: WTO.
  • WTO,
Typ dokumentu
Identyfikator YADDA

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.