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Spoiling World Trade their cumulative effect that should give pause for thought? Most governments and many free traders believe that re-global free trade areas are a step in the right direction. Their alliance is usually a mixture of economic principle practical diplomacy and visionary politics. First, they ask how can it be possible for countries to agree to scrap tariffs among themselves and not make trade freer? Then they argue that it is often easier to make a deal in a small group than in the unwieldy WTO. And finally trade agreements they say are politically valuable: if countries are tied by commerce they are less likely to start shooting at each other. The first of these arguments plausible as it seems is simple false. Regional "free trade areas" need not make trade freer. By liberalising trade only with their neighbours, countries are by definition discriminating against those not lucky enough to be...

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