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According to the Washington Consensus, developing countries’ growth would benefit from a reduction in tariffs and other barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth. If "getting policies right" is wrong or infeasible,...
Persistent link: https://www.econbiz.de/10005666812
We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...
Persistent link: https://www.econbiz.de/10011083505
We examine interaction between goods trade and market power in domestic trade and distribution sectors. Theory suggests a linkage between service-sector competition and goods trade, one supported by econometrics involving imports of 22 OECD countries vis-à-vis 69 exporters. This points to...
Persistent link: https://www.econbiz.de/10005662166
during systemic economic crises. Realistically, the fate of the open world trading system must rely on other incentives to …
Persistent link: https://www.econbiz.de/10009365003
The Doha multilateral round of trade negotiations sponsored by the WTO has been dragging on for over a decade, with no … end in sight. In this short paper we assess empirically what determines the duration of trade negotiations, focusing on … negotiations. Negotiations are more protracted when there are more countries at the negotiation table, and when the countries are …
Persistent link: https://www.econbiz.de/10011083302
Several factors potentially responsible for the failure to conclude the Doha Round of multilateral trade negotiations …
Persistent link: https://www.econbiz.de/10011083706
The Agreement on Trade Facilitation (TFA) embodies the first set of new multilateral rules to have been negotiated under auspices of the WTO, part of a small package of decisions centering on matters of interest to developing countries that was “harvested” from the broader Doha round. This...
Persistent link: https://www.econbiz.de/10011084188
Although the global economy has begun to recover from the 2008-2011 financial crisis, challenges to the world trading …
Persistent link: https://www.econbiz.de/10011084204
This paper provides an account of the resort in recent years by governments in the Asia Pacific region to discrimination against foreign commercial interests. As in previous systemic economic crises, policymakers altered the mix of discriminatory policies employed. This time around governments...
Persistent link: https://www.econbiz.de/10011084703
It is often alleged that PTAs involving the EC and the US include a significant number of obligations in areas not currently covered by the WTO Agreement, such as investment protection, competition policy, labour standards and environmental protection. The primary purpose of this study is...
Persistent link: https://www.econbiz.de/10005025516