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much lower than agriculture and industry. Despite the progress in world commodity market integration in past half century …, the world service market remains highly segmented, which can be seen clearly from the World Bank's STRD index and CHB …
Persistent link: https://www.econbiz.de/10012456314
Two central topics in recent rounds of international trade negotiations have been environmental concerns, and services trade. While each is undoubtedly important, they are unrelated. In this paper I show that the services-environment link is small, for two reasons. First, services account for...
Persistent link: https://www.econbiz.de/10012463712
Persistent link: https://www.econbiz.de/10001709716
What incentives do governments have to negotiate "new trade agreements," i.e., agreements that constrain not only governments' choices of tariffs, but also their domestic regulatory policies? We focus on horizontal product standards, i.e., those that impose requirements along a horizontal...
Persistent link: https://www.econbiz.de/10012480078
telecoms liberalization for the US, Europe, Canada, and the Rest of the World using the framework developed in the paper shows …
Persistent link: https://www.econbiz.de/10012472101
This paper discusses the potential impacts of services trade liberalization on developing countries and reviews existing quantitative studies. Its purpose is to distill themes from current literature rather than to advocate specific policy changes. The picture emerging is one of valiant attempts...
Persistent link: https://www.econbiz.de/10012468513
GATT and its successor, the WTO. We show that GATT's principle of reciprocity serves to neutralize the world-price effects … provided that the externa- lities associated with trade intervention travel through world prices. We then establish that …
Persistent link: https://www.econbiz.de/10012472892
Suppose that an opportunity arises for two countries to negotiate a free trade agreement (FTA). Will an FTA between these countries be politically viable? And if so, what form will it take? We address these questions using a political-economy framework that emphasizes the interaction between...
Persistent link: https://www.econbiz.de/10012474343
This paper analyzes the extent to which education will be subsidized when the subsidy rate is determined by majority voting. The analysis takes place in a framework where education is a discrete decision and all individuals would like to obtain an education because of its effect on future...
Persistent link: https://www.econbiz.de/10012474989
This paper presents a theory of trade agreements where "politics" play an central role. This stands in contrast with the standard theory, where even politically-motivated governments sign trade agreements only to deal with terms-of-trade externalities. We develop a model where governments may be...
Persistent link: https://www.econbiz.de/10012466956