The issue of extended free trade area in theory and practice – the case of TTIP
The issue of extended free trade area in theory and practice – the case of TTIP
Author(s): Kazimierz StarzykSubject(s): Economic policy, International relations/trade, Political economy, Evaluation research
Published by: Wydawnictwo Uniwersytetu Jagiellońskiego
Keywords: FTA+; trade creation effect; trade diversion effect; international payment disequilibrium; TTIP;
Summary/Abstract: A distinctive feature of the integration processes taking place in the modern economy is the growing function of expanded free trade areas (FTA+). The aim of the paper is to characterise their nature and framework, with the starting point being the definition of a free trade area created by Balassa. In this context, the author examines the difference between the traditional definition of a free trade area and the features of FTA+. In doing so, he uses selected TTIP issues that go beyond the classical definition of a free trade area. This also applies to the flow of capital and financial services, as well as the potential impact of TTIP on international payment imbalance.
Journal: International Business and Global Economy
- Issue Year: 37/2018
- Issue No: 1
- Page Range: 544-553
- Page Count: 10
- Language: English