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Regional economic institutions spark global debate on protectionism vs. openness.

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The New Wave of Regionalism
Edward D. Mansfield, Helen V. Milner

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The article discusses how economic regionalism is growing quickly and causing debate. Some worry that regional economic groups like the EU and NAFTA will harm global trade, while others think they will help. Economists have studied this issue and found different opinions on whether regionalism is good or bad for the world economy.