The development of trade blocs in an era of globalization

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Abstract

This study investigates the economic geography of international trade during the period 1950–2005. We introduce a new trade bloc variable that relies on the intramax hierarchical clustering technique to identify endogenous trade blocs with annual trade flows. Multivariate analysis with gravity-equation-based variables is used to explain how mechanisms of globalisation have affected trade patterns over the past half century. In particular, proximity and economic integration agreements are key to explaining the persistence of region-based trade blocs in a globalising world economy.
Original languageEnglish
Pages (from-to)1535-1553
Number of pages19
JournalEnvironment and Planning A
Volume46
Issue number7
DOIs
Publication statusPublished - 2014

Keywords

  • international trade
  • proximity
  • regionalism
  • economic integration
  • trade clusters
  • intramax
  • gravity model

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