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How do global supply chain linkages modify countries' incentives to impose import protection? Are these linkages empirically important determinants of trade policy? To address these questions, we introduce supply chain linkages into a workhorse terms-of-trade model of trade policy with political...
Persistent link: https://www.econbiz.de/10012456789
This paper examines how the prospect of foreign retaliation affects the antidumping (AD) process in the United States. We separate the capacity for retaliation into two channels: (i) the capacity for foreign government retaliation under the dispute settlement procedures of the GATT/WTO system,...
Persistent link: https://www.econbiz.de/10012470140
How high were import tariffs when GATT participants began negotiations to reduce them in 1947? Establishing this …
Persistent link: https://www.econbiz.de/10012456889
The WTO has delivered policy outcomes that are very different from those likely to emerge out of the recent wave of preferential trade agreements (PTAs). Should economists see this as an efficient institutional hand-off, where the WTO has carried trade liberalization as far as it can manage, and...
Persistent link: https://www.econbiz.de/10012457364