Teoretyczne skutki regionalnej liberalizacji handlu
Streszczenie
Regional liberalization of international trade takes place when a group of countries form
a preferential trading arrangement, e.g. a customs union or a free trade area. They lower or
eliminate their respective barriers on imports from each other but not on imports from the
rest of the world. Such a liberalization affects mutual trade between member countries as well
as trade between them and the rest of the world. The effects of a regional liberalization are
presented on the basis of the theory of customs unions and are divided in two groups:
short-time (static) effects and long-time (dynamic) effects. The former are connected with
certain shifts in trade, production and consumption. The latter deal with adjustment processes
taking place in opening economies. They are both beneficial and costly for the participating
countries.
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