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Why Are Countries so Eager to Form Free Trade Areas? |
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Kar-yiu Wong |
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Working paper |
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Kar-yiu Wong |
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l The
Viner approach considers only the import side of an
economy. l The
export side of an economy should also be considered as well. l Some
governments put more emphasis on the export side. l There
is two good reasons for governments¡¦ emphasis on the export side: ü wants
to help local firms to compete in foreign markets; ü This type of FTAs (aggressive FTAs) are
beneficial for the market. |