Regulation of International Trade: The Struggle of Multilateralism in the Era of Regionalism

Abstract

Daniel Conk 5 January 2012 Thesis Abstract This thesis is an empirical research on the impact that preferential trade agreements have on the welfare of individuals and nation-states. As the number of preferential trade agreements has been growing steadily, the on-going clash between regionalism and multilateralism will be a key topic throughout the research. Fair trade movements have been becoming more popular over the fast few years as some organizations have strived to raise consumers awareness regarding the great disparities among the profit margins of the producers or farmers in developing countries in comparison to those of the merchants and distributors in developed countries. Even though quantitative data will be used in order to portray the growing economic inequalities present in today s world, arguments will also be supported on grounds of ethics and morals relating to social justice.