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What are the potential benefits from establishing international rules for the conduct of trade policy and how should these rules be designed? These questions are of central importance to the evolution of national trade policies in the post-war era, a period in which an elaborate system of...
Persistent link: https://www.econbiz.de/10012473937
regulatory race to the bottom. WTO rules and disputes, however, center on complaints about excessively stringent regulations … WTO legal framework in light of our results, arguing that it does a reasonably thorough job of policing regulatory …
Persistent link: https://www.econbiz.de/10012463108
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/10012470726
This paper empirically examines recently declassified data from the GATT/WTO on tariff bargaining. We document eight …
Persistent link: https://www.econbiz.de/10012457180
Despite the important roel played by GATT in the world economy, economist have nto developed a unified theoretical …
Persistent link: https://www.econbiz.de/10012472768
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/10012472892
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/10012473274
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/10012471725
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/10012472207
Over the WTO years, the frequency of disputes and court rulings has trended downwards. Such trends are sometimes … offer evidence that the predictions of our model are consistent with WTO trade dispute data, and we take a first step …
Persistent link: https://www.econbiz.de/10012453937