Working Paper

New Regionalism and Global Economic Governance

Publication Date
19 Mar 2026
Author
Pierre Defraigne
External Series
UNU-CRIS Working Papers
Download PDF

Abstract
Economists are all very fond of the international trade theory, which they see with reason, as one of the few robust paradigms available in their quest for efficiency. For decades, until the early 90's, trade liberalisation has vindicated their judgement since it has been credited with being the main source of world growth. The very fact that international trade was rising twice as fast as world output provided strong and convincing evidence of this powerful link.

The views expressed in this publication are those of the author(s) and do not necessarily reflect the views of the United Nations University.

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