Regional Integration Among Developing Countries, Revisited

András Inotai

yan, 1991 · Policy, research, and external affairs working papers 643-kitob · World Bank Publications

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The formation of new, powerful economic and trading blocs and the transition to market economies in Central and perhaps Eastern Europe has fostered a trend toward new regionalism in the world economy - which the virtual failure of the GATT negotiations may speed up. To minimize economic losses and avoid marginalization, regional groups of developing countries must increasingly work out common positions and join one of the influential groups.