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What does economics have to say about the design of international trade agreements? We review a literature on this question, providing detailed coverage on three key design features of the GATT/WTO: reciprocity, nondiscrimination as embodied in the MFN principle, and tariff bindings and binding...
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represented 83% of the world's population and 91% of the world's GDP in 2013. We address five questions: Do some countries have …, how liberalized is world trade? Our analysis documents the extent of cross-sectional heterogeneity in applied commercial … policy barriers remain as an important feature of the world economy. …
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effects of reducing tariffs and simultaneously replacing lost tariff revenues with revenues from consumption tax. It concludes …
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