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This paper provides a historical look at how the multilateral trading system has coped with the challenge of shocks and shifts. By shocks we mean sudden jolts to the world economy in the form of financial crises and deep recessions, or wars and political conflicts. By shifts we mean slow-moving,...
Persistent link: https://www.econbiz.de/10013092123
Department) brought about a 1986 trade agreement in which the United States forced Japan to end the 'dumping' of semiconductors … years. The antidumping provisions of the 1986 agreement, which later proved to be partly GATT-illegal, resulted in such … 'affirmative action' for the industry in its efforts to sell more in Japan, but has been criticized as constituting 'export …
Persistent link: https://www.econbiz.de/10013310555
While many political scientists and diplomatic historians see the Bush presidency as a distinctive epoch in American foreign policy, we argue that there was no Bush Doctrine in foreign economic policy. The Bush administration sought to advance a free trade agenda but could not avoid the use of...
Persistent link: https://www.econbiz.de/10012772458
This paper investigates the theory and evidence that history plays a role in shaping the direction of international trade. Because there are reasons to anticipate a positive correlation between the predominant direction of trade flows in the past and membership in preferential arrangements in...
Persistent link: https://www.econbiz.de/10013212584