期刊名称：International Journal of Economics and Finance
印刷版ISSN：1916-971X
电子版ISSN：1916-9728
出版年度：2009
卷号：1
期号：2
页码：163
DOI：10.5539/ijef.v1n2P163
出版社：Canadian Center of Science and Education
摘要：The overlapping free trade area (FTA), as one prominent phenomenon in the development of FTA after the 1990s, has influenced the multilateral trade system (MTS) greatly. This article has proved that the special advantages of spoke countries can bring about cohesive effect on the industries through adopting the analytical method of infinitely repeated game, and the spoke countries will face a discriminatory treatment, resulting in decentralization effect. The overlapping free trade agreement has the feature of self-execution, and compared with the traditional FTA, it is more likely to meet the conditions of incentive compatibility constraint with MTS.
