SHEILA PAGE is a Researcher at the Overseas Development Institute where her work centres on trade and trade policy: the interaction between international conditions and developing countries' own economies and policies and the increasingly complex network of national, regional, and multilateral trade policy. Her previous books include How Developing Countries Trade, Trade Finance and Developing Countries: Strategies and Constraints in the 1990s, and (with Michael Davenport) World Trade Reform: Do Developing Countries Gain or Lose and Europe 1992 and the Developing World.

• List of Tables Preface Acknowledgements PART I: DEFINING REGIONS What is the New Regionalism? Why Should Countries Form Regions? A Brief History of the Regions What do Members of Regions Have In Common? Regulation and Obligations of Regions PART II: TRADE AND INVESTMENT Formal Arrangements on Trade in Regional Groups Trade in Regions Regulation and Liberalization of Investment in Regions Investment in Regions PART III: OTHER REGIONAL LINKAGES Regionalism Beyond Trade and Investment The External Relations of Regions PART IV: CONCLUSION Regionalism: the Stages Between Countries and the World References and Bibliography Index