The swings of global trade in recent decades have been resulted from the global economic crisis and unfavorable condition of global situation. Deterioration of private demand -- as a result of economic crisis and increase of unemployment ? has been the main reason of worsening global trade. This condition has, of course, affected economic performance of countries through trade channels. Further…
Indonesia has involved in quite many regional trade agreements, since more than a decade ago. Theoritically, Free Trade Agreements (FTAs) are very beneficial to the countries, as resources are more efficiently allocated due to production specialization. However, presence of asymmetric information, market inefficiency, and economic distortion in the real world have led to a deviation of FTAs ben…