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We develop a model in which states may choose to form coalitions to capture efficiency gains from policy coordination …. Joining a coalition entails setting the policy variable to maximize the coalitions' aggregate payoff at a Nash equilibrium …
Persistent link: https://www.econbiz.de/10014061844
This article analyzes European Union-China trade relations in the context of the current negotiations for a new comprehensive framework agreement between the European Union (EU) and the People’s Republic of China. China is a strong economic power with increasingly sophisticated production in...
Persistent link: https://www.econbiz.de/10014186621
While the WTO process of multilateral trade liberalization encounters increasing resistance, in part because the most difficult issues have finally risen to the top of the agenda, market-based forces are contributing to international economic integration. One of the most potent are cross-border...
Persistent link: https://www.econbiz.de/10014051946
After 26 years of trading under the North American Free Trade agreement (NAFTA), Mexico and its North American partners enter a new phase with the entry into force of United States-Mexico-Canada Agreement (USMCA) on 1 July 2020. This note quantifies the potential impact of the agreement on...
Persistent link: https://www.econbiz.de/10013249950
The Canada-United States-Mexico Agreement (CUSMA), as amended by the Protocol of Amendment signed December 10, 2019, represents a major overhaul of the now-dated 1994 North American Free Trade Agreement (NAFTA). However, it is unusual in that it has little traditional tariff liberalization,...
Persistent link: https://www.econbiz.de/10012848468
This Research Report assesses the likely impact of the Trans-Pacific Partnership (TPP) on the British Columbia economy from the vantage point of what is known as the negotiations enter the end phase of negotiations in the Fall of 2014. The assessment is based on a two-step process. First, the...
Persistent link: https://www.econbiz.de/10012994624
Regional economic integration is back in vogue following the "stumble" in the Doha Round in July 2008. Preferential trade agreements (PTAs) are driving this trend in Asia and the Pacific as well as in Central and South America, and the sheer volume of PTAs is striking. In the 1990s there were...
Persistent link: https://www.econbiz.de/10010506399
In this chapter, I review the literature on governments’ motivations for negotiating and joining international trade agreements. I discuss both normative explanations for trade agreements and explanations based on political-economy concerns. Most of the chapter focuses on the purpose of...
Persistent link: https://www.econbiz.de/10014023443
Global institutions are understood as one of the best means of achieving inter-state cooperation. Yet this perspective omits the effects of institutional creation on non-members. We know that exclusion from trade agreements affects countries' economic cooperation. I show here that exclusion also...
Persistent link: https://www.econbiz.de/10012900445
The paper provides a detailed analysis of the current U.S. - Korea free trade agreement (FTA) negotiations. The currently negotiated U.S. - Korean FTA may offer a legal framework for economic integration between the United States and Korea in the sense that the FTA attempts to bring Korea's...
Persistent link: https://www.econbiz.de/10014052117