Showing 1 - 10 of 16
We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights. Domestic intermediaries compete for such cheap funding by carving out...
Persistent link: https://www.econbiz.de/10011304762
How high were import tariffs when GATT participants began negotiations to reduce them in 1947? Establishing this starting point is key to determining how successful the GATT has been in bringing down trade barriers. If the average tariff level was about 40 percent, as commonly reported, the...
Persistent link: https://www.econbiz.de/10012936212
represented 83 percent of the world's population and 91 percent of the world's GDP in 2013. It addresses the following five … setting trade policy? Finally, how liberalized is world trade? The analysis documents the extent of cross … concludes that substantial trade policy barriers remain as an important feature of the world economy …
Persistent link: https://www.econbiz.de/10012936297
established in 2001 but instead on the terms-of-trade theory of trade agreements to identify negotiating priorities. This paper … uses the lens of the terms-of-trade theory to investigate three areas in which it is frequently alleged that currently …
Persistent link: https://www.econbiz.de/10012936698
The WTO has delivered policy outcomes that are very different from those likely to emerge out of the recent wave of preferential trade agreements (PTAs). Should economists see this as an efficient institutional hand-off, where the WTO has carried trade liberalization as far as it can manage, and...
Persistent link: https://www.econbiz.de/10012937212
countries fight about under World Trade Organization (WTO) dispute settlement. The paper characterizes the scope of products, as …
Persistent link: https://www.econbiz.de/10012972945
apply the World Trade Organization's global safeguards policy instrument. The four examples include recent policies applied …
Persistent link: https://www.econbiz.de/10012973155
Use of temporary trade barriers has proliferated across countries, industries, and even policy instruments. This paper constructs a panel of bilateral, product-level United States steel imports that are matched to a unique data set on trade policy exclusions that are associated with the 2002...
Persistent link: https://www.econbiz.de/10012974573
Trade policy commitments to lower import tariffs and to maintain tariffs at low levels entail short and long-run political-economic costs and benefits. Empirical work examining the relationship between such commitments and the exercise of trade policy flexibilities is still relatively nascent,...
Persistent link: https://www.econbiz.de/10012974687
major tool in the trade policy arsenal. The paper examines these concerns in light of important ways in which the world …
Persistent link: https://www.econbiz.de/10012974987