Mahlstein, Kornel; Schropp, Simon A. B. - 2007
This paper is a contribution to the literature on rational design of trade agreements. The World Trade Organization … leave gains from trade unrealized; they may create 'regret' in signatories once unanticipated contingencies or sudden … protectionist backlashes have occurred. Trade policy flexibility mechanisms, such as the 'safeguards clause' under Art. XIX GATT …