To assess the welfare effects of bilateral versus multilateral trade and/or investment liberalisation in general equilibrium, we set up a three-country and three-factor knowledge-capital model of trade and multinational activity. Numerical simulation results indicate that multilateral...

Trade and Environment in the Americas: The effectiveness of the environmental safeguards in CAFTA and in Free Trade Agreements between the United States and Chile, Peru, Colombia, and Panama, depends on adequate implementation and funding of the oversight and enforcement mechanisms and of the...

As the demand for environmental quality is increasing and as the current GATT rules monitored by the WTO are not very suitable for environmental protection, either a new international environmental organization may be formed soon or new environmental regulations may be added to GATT. In either...