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Promoting Intraregional Trade: A Strategic Approach for Developing Countries

By: Roelofsen, Hendrik | International Trade Forum, January 1, 1993 | Article details

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Promoting Intraregional Trade: A Strategic Approach for Developing Countries


Roelofsen, Hendrik, International Trade Forum


Trading patterns in the world change continuously in terms of both composition and direction. While current trends point to an increasing globalization of world trade, trading links are also being strengthened in some cases at the regional and subregional levels, through efforts by groupings of countries to reinforce commercial ties with neighbouring markets. Although this pattern has been the most noticeable among certain groups of developed countries, the same phenomenon has been apparent in several developing areas.

In many instances trade among developing countries in the same region is negligible and amounts to only a fraction of those countries' total foreign trade. Does …

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