Storm in a Spaghetti Bowl: FTAs and the BRIICS (original) (raw)

2009, Globalisation and Emerging Economies

AI-generated Abstract

This study examines the welfare and sectoral impacts of free trade agreements (FTAs) involving the BRIICS countries (Brazil, Russia, India, Indonesia, China, and South Africa). Utilizing the Michigan Model of World Production and Trade and GTAP database, five computational scenarios of FTAs are analyzed, including agreements with OECD countries, China, ASEAN, and India. The findings provide insights into the effects on economic welfare, output, trade, and employment, offering implications for further research and policy formulation in global trade.