Regional Integration and Development examines regionalism from the viewpoint of developing countries and provides a comprehensive account of existing economic theory and empirical results. In a thorough analysis of the politics and dynamics of regionalism, the book considers the relationship between regionalism and multilateralism and explores the economic advantages of nondiscriminatory trade liberalization, which the authors argue should be exploited to the maximum extent. Designed as a practical guide for policymakers whose countries are considering membership in a trade bloc, this book will also be of interest to scholars and students of international trade.Given the remarkable increase in regional integration agreements in the past decade, understanding of their economic rationale and consequences is essential. Schiff and Winters succeed admirably in covering the conceptual, empirical, and policy issues arising from RIAS in an informed, comprehensible, and accessible manner. Their book should be required reading for policy analysts, academics, and students concerned with evaluation initiatives.