1. Introduction and overview: 1.1 Research objectives 1.2 Outline 2. The economics of preferential trade areas: 2.1 Trade creation and trade diversion 2.2 Revenue transfer effects 3. Necessarily welfare improving preferential trade areas: 3.1 Customs unions 3.2 Non-economic objectives 3.3 Free trade areas 3.4 Implementation 4. Geography and natural trading partners: 4.1 Modeling preferential trade liberalization: theory 4.2 Modeling preferential trade liberalization: econometrics 4.3 Data and estimation results 5. Preferential trade agreements and multilateralism.
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