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This paper reviews the history of bilateral trade negotiations between Taiwan and the U.S. The question posed at the outset is: does bilateralism enhance or jeopardize multilateralism? The U.S.-Taiwan experience seems to suggest a grossly negative answer. Bilateral negotiations for market...
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. Intuitively, unilateral liberalization by one country has the effect of increasing the incentives for the export lobby in the …
Persistent link: https://www.econbiz.de/10012469067
in all world markets and to help secure 20 percent of the Japanese semiconductor market for foreign firms within five … 'affirmative action' for the industry in its efforts to sell more in Japan, but has been criticized as constituting 'export …
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turn reduces trade flows and real income for consumers. We apply the model to analyze China's export boom around its WTO … theory-consistent measure of TPU and estimate that it can explain between 22-30% of Chinese exports to the US after WTO …We assess the impact of U.S. trade policy uncertainty (TPU) toward China in a tractable general equilibrium framework …
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This paper shows how unilateral liberalization in one country can increase the voting support for reciprocal reduction in trade barriers in a partner country. When trade policies are determined simultaneously in the two countries, we show the possibility of multiple political equilibria -...
Persistent link: https://www.econbiz.de/10012467863
our theoretical results to China's 2001 WTO accession, we find that China's tariff reductions exceeded reciprocity norms …We formalize the GATT/WTO principle of reciprocity in workhorse quantitative trade models, characterizing reciprocal …, increasing real incomes but amplifying the manufacturing employment dislocation - the China Shock - in the United States and …
Persistent link: https://www.econbiz.de/10015056161