“Open” and “Closed” Regionalism Theories
The terms “Open” and “closed” regionalism refer to the degree in which regional blocks allow nonmember nations to access their markets. In this sense, an “open region” is one with few, if any, external trade restrictions while a “closed region” can be defined as one whose external trade policies seek to restrict commerce with nations… Read More “Open” and “Closed” Regionalism Theories