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This paper traces the evolution of the global trading system from the 19th century to the present-day GATT/WTO arrangements, calling attention to the key roles of reciprocity and non-discrimination and taking note of how the system is now challenged by the new paradigm of global market...
Persistent link: https://www.econbiz.de/10013128620
reciprocity that have to be met in order to realize greater fairness in multilateral trade negotiations. Next, we comment on …
Persistent link: https://www.econbiz.de/10013128622
We use the Michigan Model of World Production and Trade to assess the economic effects of the Free Trade Area of the … of the model is that it incorporates some aspects of trade with imperfect competition in the manufacturing and services … restrictive measures and the non-trade aspects of the FTAA are not taken into account due to data constraints. The computational …
Persistent link: https://www.econbiz.de/10005357206
This paper addresses the issues of whether the linking of core labor standards with multilateral or bilateral trade …
Persistent link: https://www.econbiz.de/10005357223
intended to remedy the gross violations of labor and human rights that accompany international trade and investment. Yet, the … creation of customs unions and free trade agreements and, more importantly, the 1971 GSP Decision permitting special and … mechanism for linking ILO-established labor standards, monitoring by the ILO, and enforcement through the threat of lost trade …
Persistent link: https://www.econbiz.de/10009492740
This paper explores how far free trade agreements (FTAs) have strengthened or weakened global governance of the trading … years, to assign a new importance to regional and bilateral trade agreements in their trade policies. We then consider each … of the main provisions included in FTAs and comment on how these may separately affect the management of trade relations …
Persistent link: https://www.econbiz.de/10014184785
-profit sector, and government interact to determine United States international trade policy …
Persistent link: https://www.econbiz.de/10014071966
may have resulted in trade diversion. A review of previous studies, both descriptive and econometric, suggests that trade … were run, the coefficients of the tariff rates were statistically significant in 15 cases. The strongest evidence of trade … commodities at the HS 4-digit level. The results suggest trade diversion for textiles, apparel, and some footwear products but not …
Persistent link: https://www.econbiz.de/10005583493
In this article, we first describe the characteristics of the World Trade Organization (WTO) that are the basis of the … framework of the multilateral trading system. We then provide an overview of concepts of fairness in trade agreements …. Thereafter, we offer a critique of the efficiency criterion in assessing multilateral trade agreements, taking issue with T …
Persistent link: https://www.econbiz.de/10010781145
reciprocity that have to be met in order to realize greater fairness in multilateral trade negotiations. Next, we comment on …
Persistent link: https://www.econbiz.de/10008679146