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This paper empirically examines recently declassified data from the GATT/WTO on tariff bargaining. We document eight …
Persistent link: https://www.econbiz.de/10013017081
We describe recent work on the theory of trade agreements that speaks to the purpose and design of GATT. Our discussion proceeds in three steps. First, we examine the purpose of a trade agreement. In both the traditional economic and the political-economy approaches to the study of trade...
Persistent link: https://www.econbiz.de/10013227740
Despite the important roel played by GATT in the world economy, economist have nto developed a unified theoretical …
Persistent link: https://www.econbiz.de/10013219697
export subsidies can be given a world-wide efficiency rationale. In this paper, we offer one such treatment in the context of … export subsidy programs can lead to inefficiencies, and importing countries and the world as a whole can be better off when …Why do governments seek restrictions on the use of export subsidies through reciprocal trade agreements such as GATT …
Persistent link: https://www.econbiz.de/10013237015
GATT and its successor, the WTO. We show that GATT's principle of reciprocity serves to neutralize the world-price effects … provided that the externa- lities associated with trade intervention travel through world prices. We then establish that …
Persistent link: https://www.econbiz.de/10013239353
How should the issue of domestic labor standards be handled in the GATT/ WTO? This question is part of a broader debate … trading partner is then free to issue a tariff response to stabilize export prices. We show that both approaches deliver govts …
Persistent link: https://www.econbiz.de/10013219181
Trade negotiations occur through time and between the governments of many countries. An important issue is thus whether the value of concessions that a government wins in a current negotiation may be eroded in a future bilateral negotiation to which it is not party. In the absence of rules that...
Persistent link: https://www.econbiz.de/10013230972
membership into the world trading system, the WTO may face a "latecomers" problem that, while occurring also in earlier rounds …A fundamental objective of the Doha Round of WTO negotiations is to improve the trading prospects of developing … countries. The 2001 declaration from the WTO Ministerial Conference in Doha, Qatar, commits the member governments to …
Persistent link: https://www.econbiz.de/10013067007
We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, GATT. We review recent … developments in the relevant theoretical and empirical literature. And we describe the GATT/WTO architecture and briefly trace its … central features of the design and practice of the GATT/WTO, and we identify key unresolved issues …
Persistent link: https://www.econbiz.de/10013150443
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 … economics literature on international trade agreements and argue on this basis that the WTO is not passé. Rather, and subject to …
Persistent link: https://www.econbiz.de/10013020207