Preferential Trade Agreements and the World Trade System: A Multilateralist View

Pravin Krishna

NBER Working Paper No. 17840
Issued in February 2012

---- Acknowledgments ----

Paper prepared for the NBER - Bank of England Conference on "Globalization in an Age of Crisis: Multilateral Co-operation in the Twenty First Century", held September 14-16, 2011 at the Bank of England, London, UK. I am grateful to my discussants, Tony Venables and Ernesto Zedillo, to Richard Baldwin, Jagdish Bhagwati, Robert Feenstra, Alan Taylor and to participants at the March 2011 Pre-Conference at the NBER for many helpful comments and to Nadia Rocha at the WTO for generously sharing the WTO's database on the "Anatomy of Preferential Trade Agreements". The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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