Contents -- Foreword -- Acknowledgments -- Overview -- Abbreviations -- Frequently Cited Regional Trading Agreements and the Parties to Them -- Chapter 1 Global Outlook and the Developing Countries -- The Global Economy: From Recovery to Expansion -- Commodity Markets -- World Trade -- International Finance -- Risks and Policy Ppriorities -- Long-Term Growth, Structural Change, and Poverty -- Structural Changes over Two Decades -- Structural Change in the Future -- Poverty Forecast -- Concluding Remarks -- Notes -- References -- Chapter 2 Regional Trade and Preferential Trading Agreements: A Global Perspective -- The Proliferation of Regional Preference Systems -- Trends in Trade and Growth by Region -- Changing Export Composition and the Rise of Global Production Networks -- Preferential Trade and Regional Outcomes -- Conclusion -- Notes -- References -- Chapter 3 Regional Trade Agreements: Effects on Trade -- The Impact of RTAs on Merchandise Trade and Incomes -- Ingredients of Success -- Conclusions: Preferential Trade Agreements and Economic Development -- Notes -- References -- Chapter 4 Beyond Trade Policy Barriers: Lowering Trade Costs Together -- The Costs of Trade -- Regional Agreements to Facilitate Trade and Transport -- Standards, Conformity Assessments, and RTAs -- Trade-Related Regional Cooperation Agreements -- Conclusions -- Notes -- References -- Chapter 5 Beyond Merchandise Trade: Services, Investment, Intellectual Property, and Labor Mobility -- Services, Investment, and IPRs in Regional Agreements -- Economic Consequences of Services, Investment, and IPR Provisions in RTAs -- RTAs and Provisions for Movement of Labor -- Conclusions: Beyond Merchandise Trade -- Notes -- References -- Chapter 6 Making Regionalism Complementary to Multilateralism -- Preferential Agreements within the Global Context.

Building Blocks versus Stumbling Blocks -- The Competitive Liberalization Game: The Case of Doha -- Multilateral Disciplines on Regional Arrangements -- Making Open Regionalism Work for Development -- Notes -- References -- Figures -- 1.1 A record year for developing countries in 2004 -- 1.2 Strong growth across most regions -- 1.3 Tradable price developments -- 1.4 Terms of trade impacts from higher commodity prices, 2001-04 -- 1.5 The oil-important burden for selected countries -- 1.6 Crude oil prices, 1960-2004 -- 1.7 World trade rebounds -- 1.8 Export performance, percent change in market share since 2000 -- 1.9 Trade balances in major regions -- 1.10 Developing countries' debt and interest payments easing downward since 1999 -- 1.11 Rising U.S. dollar reserves -- 1.12 Impact of a 200 basis point increase in interest rates -- 1.13 First year impacts of a 10 increase in oil prices -- 1.14 A rise in services -- 1.15 Rising openness to trade -- 1.16 Increased urbanization -- 1.17 Growth rate of labor supply declining -- 2.1 Number of RTAs exploded in the 1990s -- 2.2 Spaghetti and rigatoni: Multiple, overlapping RTAs, 2004 -- 2.3 Trade within RTAs -- 2.4 Trade performance has differed across regions -- 2.5 Composition of trade has changed -- 2.6 Evolving trading blocs -- 3.1 Evolution of the share of intra-regional imports in total imports, 1960-2000 -- 3.2 The ratio of external and intra-regional trade to GDP -- 3.3 Intra-regional trade grows faster when world trade growth is positive -- 3.4 Simulated welfare impact of various FTAs involving Chile -- 3.5 RTAs that divert imports tend to export less to global markets -- 3.6 Not all regions are open -- 3.7 Preferential tariffs in tandem with all tariffs in Latin America -- 3.8 Rules of origin in North-South agreements are more restrictive than in South-South agreements.

4.1 More efficient customs are associated with more trade -- 5.1 Share of EU nationals in total population, for selected EU countries and Norway, 1985-2000 -- 6.1 Global outcomes dominate alternatives -- 6.2 Global reform dominates North-South agreements -- 6.3 Global reform dominates South-South agreements -- Tables -- 1.1 The Global outlook in summary -- 1.2 Current account balances -- 1.3 Long-term prospects: Forecast growth of world GDP per capita -- 1.4 Labor market structure, 2005-15 -- 1.5 Regional breakdown of poverty in developing countries -- 2.1 Most countries belong to more than one RTA -- 2.2 RTAs cover many topics besides merchandise trade -- 3.1 Implementation of tariff commitments by type of agreement, 1960-1999 -- 5.1 Services, investment, and intellectual property: A comparison -- 5.2 Additional services liberalization in U.S. FTAs -- 5.3 Summary of agreements by degree of labor mobility -- 6.1 Comparison of bilateral agreements to global trade reform -- 6.2 Comparison of bilateral agreements with global trade reform -- Boxes -- 1.1 The aggregation paradox -- 2.1 RTAs and types of trade liberalization -- 2.2 Reporting RTAs to the WTO -- 2.3 EPAs become the EU's trade and development instrument: An experiment in "North-South-South" integration -- 2.4 Labor in U.S. FTAs -- 2.5 Trade agreements and the environment -- 2.6 Can RTAs prevent conflict? -- 2.7 Regional versus multilateral and unilateral liberalization: What's more important? -- 3.1 A primer on modeling of RTAs -- 3.2 Regional trade agreements in gravity models: A meta-analysis -- 3.3 Implementation matters -- 3.4 Restrictive rules of origin under NAFTA-the case of clothing -- 3.5 Monitoring implementation of preferential trade agreements: "Single Market Scoreboard" in the European Union -- 4.1 Trading can be costly -- 4.2 Border delays tax trade.

4.3 Standardization and simplification can increase trade volumes: The case of the Trans-Kalahari Corridor -- 4.4 Logistics costs in Europe have fallen in the last two decades -- 4.5 The case of the Northern Corridor Stakeholders Consultative Forum -- 5.1 Not all investment is good investment -- 5.2 Do more investor protections mean more investment? Lessons from bilateral investment treaties -- 5.3 Illegal migration: A growing global phenomenon -- 5.4 U.S. temporary admission programs under NAFTA and unilateral policies -- 6.1 Impacts of the new GTAP database -- 6.2 Regional trade agreements, structural change, and congruence -- 6.3 Choosing partners: Selection criteria for U.S. RTAs -- 6.4 Sequencing of RTAs: Is there a good practice? -- 6.5 RTAs and WTO disciplines -- 6.6 Tunisia's Association Agreement with the European Union.