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Open regionalism |
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Open regionalismRegional economic integration that is not discriminatory against outside countries; typically, a group of countries that agrees to reduce trade barriers on an MFN basis. Adopted as a fundamental princple, but not defined, by APEC in 1989. Bergsten (1997) offers five definitions, ranging from open membership to global liberalization and trade facilitation.Similar MatchesRegionalismRegionalismThe formation or proliferation of preferential trading arrangements. |
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