Aggregation in Global Governance: Making Use of Short-Cuts
... TPP-11 or the discussions on the creation of the Regional Comprehensive Economic Partnership (RCEP) points to the rising scale of trade alliances. Such trans-continental linkages are also increasingly observed in the Global South segment of the world economy, with China and India actively exploring the possibilities of integration projects with regional blocks and individual countries in South America and Africa. The progression of economic integration to the stage of mega-regionalism may in part be a reflection of efforts to overcome the limitations of continental integration as well as a way to alter the balance of pros and cons in the integration process in a regional setting....