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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...
Persistent link: https://www.econbiz.de/10013218908
membership into the world trading system, the WTO may face a "latecomers" problem that, while occurring also in earlier rounds …
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 …
Persistent link: https://www.econbiz.de/10013150443
from moving to a world with frictionless trade. In this model, a country's trade potential depends on only the trade …
Persistent link: https://www.econbiz.de/10012994894
This paper evaluates how much of the economics profession has evaluated the evidence on the relationship between international trade and economic growth. The paper highlights the basic approaches to the trade and growth question that the literature has adopted. The case is made that more...
Persistent link: https://www.econbiz.de/10013221540
This paper revisits the empirical evidence on the relationship between economic integration and economic growth. First, we present an updated dataset of openness indicators and trade liberalization dates for a wide cross-section of countries in the 1990s. Second, we extend the Sachs and Warner...
Persistent link: https://www.econbiz.de/10013236719
negative effect through reduced openness vis-...-vis the rest of the world. We estimate the growth effects that would have …
Persistent link: https://www.econbiz.de/10013240303
This paper uses a new database to establish a key finding: high tariffs were associated with fast growth before World … controlling for novel measures of the changing world economic environment. Rejecting alternative explanations based on changing … head in a world environment characterized by a moderately higher level of generalized tariff protection. We confirm the …
Persistent link: https://www.econbiz.de/10013249135
(GATT) in promoting economic recovery and growth in Europe in the decade after World War II. The formation of the GATT does … not appear to have stimulated a particularly rapid liberalization of world trade in the decade after 1947. It is therefore …
Persistent link: https://www.econbiz.de/10013252315
This paper investigates the theory and evidence that history plays a role in shaping the direction of international trade. Because there are reasons to anticipate a positive correlation between the predominant direction of trade flows in the past and membership in preferential arrangements in...
Persistent link: https://www.econbiz.de/10013212584