Most of the large tariff reductions achieved in multilateral trade negotiations have involved tariff-cutting formulas … target how far they will move towards free trade, while providing some flexibility for trading off reductions in peak tariffs …

This paper addresses the final steps to global free trade – what they might look like, what sort of political economy … here to stay; world trade is regulated by a motley assortment of unilateral, bilateral and multilateral trade agreements; 2 …) this motley assortment is not the best way to organise world trade. Moving to global duty-free trade will require a …

continuum of goods to show that trade liberalization causes higher unemployment in countries with comparative advantage in … contradicting evidence in the empirical literature on the impact of trade on unemployment. …

The effects of Regional Trade Agreements (RTAs) are disputed. In this paper, we assess these effects using capital … when RTAs are signed between countries that already engage in high volumes of trade. Stock markets also rise more when …

, sequential exporting has novel policy implications: a reduction in trade barriers has delayed effects, while also promoting entry … in third markets. This trade externality poses challenges for the quantification of the effects of trade liberalization … programs and implies that the consequences of international trade agreements are significantly richer than traditional models …

How does trade liberalization affect wages? This is the first paper to consider in theory and data how the impact of …