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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/10012473546
. 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 …
Persistent link: https://www.econbiz.de/10012474180
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 …
Persistent link: https://www.econbiz.de/10012459285
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
. Exploiting the exogenous component of rising trade with China and classifying legislator ideologies by congressional voting …
Persistent link: https://www.econbiz.de/10012456043
In their striving toward development, a number of less developed countries have espoused bilateral trade as yet another policy instrument allowing them to increase their acquisition of foreign resources. This has been particularly true of the trade of India, Pakistan, and Egypt, on which some...
Persistent link: https://www.econbiz.de/10012479072
Today's labor-scarce economies have open trade and closed immigration policies, while a century ago they had just the opposite, open immigration and closed trade policies. Why the inverse policy correlation, and why has it persisted for almost two centuries? This paper seeks answers to this dual...
Persistent link: https://www.econbiz.de/10012466805
country, single period numerical general equilibrium model which captures China and her major trading partners and examine the … outcomes of trade policy bargaining solutions (bargaining over tariffs and financial transfers) over time as China grows more … parameterizations. This yields a measure of both absolute and relative gain to China from bargaining. We calibrate our model to base …
Persistent link: https://www.econbiz.de/10012460832