Nation states, asserts the world-renowned business strategist Kenichi Ohmae, are dinosaurs waiting to die. In the profoundly important book Ohmae argues that not only have nation states lost their ability to control exchange rates and protect their currencies, but they no langer generate real economic activity.
The first section of this 2005 book presents a rudimentary and intuitive introduction to the economics of preferential trade agreements. The following chapters present the author's theoretical and empirical research on a number of questions surrounding the issue of preferential trade agreements including the design of necessarily welfare-improving trade blocs, the quantitative (econometric) eva…