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To date, government procurement has been effectively carved out of the main multilateral rules of the WTO system. This paper examines the systemic and other ramifications of this exclusion, from both an economic and a legal point of view. In addition to relevant elements of the WTO Agreements,...
Persistent link: https://www.econbiz.de/10010430680
A second approach focuses on the relationships existing between the variables themselves, using multi-criteria and graph analysis. Natural resources endowments, on the one hand, and services orientation, on the other one, are among the most determinant variables for defining Trade in Value Added...
Persistent link: https://www.econbiz.de/10010376488
This chapter surveys empirically the broad features of trade policy in goods for 31 major economies that collectively represented 83% of the world's population and 91% of the world's GDP in 2013. We address five questions: Do some countries have more liberal trading regimes than others? Within...
Persistent link: https://www.econbiz.de/10014023444
Was the collapse of world trade between 1928 and 1937 caused by higher transport costs, increased protectionism or the …
Persistent link: https://www.econbiz.de/10012023385
for over 60 per cent) in this period. The effect of tariff liberalization on trade growth is analyzed empirically using … Tariffs and Trade/World Trade Organization system in trade liberalization; however, it underlines the importance of a … formalized multilateral trading system, not so much for tariff liberalization, but for building a virtuous process of …
Persistent link: https://www.econbiz.de/10013111098
This paper provides new estimates of the effects of corruption and poor institutions on trade protection. It exploits data on several measures of trade protection including import duty, international trade taxes, and the trade-GDP ratio. The paper complements the literature on the relationship...
Persistent link: https://www.econbiz.de/10012730020
The Obama administration has proposed changing several Commerce Department antidumping procedures. Those changes would expand the scope for findings of dumping and precipitate a surge in antidumping actions. The evolution of U.S. antidumping policy is marked by distinct inflection points...
Persistent link: https://www.econbiz.de/10014175672
Several major trade agreements in recent years have included a provision that addresses labor standards. Other trade agreements that are now in the discussion stage are considering incorporating labor standards as an integral part of the final agreement. The goals of such agreements are noble -...
Persistent link: https://www.econbiz.de/10014084844
We provide a synthesis of the theoretical models that study the use of escape clauses, also known as safeguards, in multilateral and preferential trade agreements. We consider models that explain this type of flexibility based on economic efficiency, political economy shocks, and...
Persistent link: https://www.econbiz.de/10014023452
The empirical relationship between trade protection and economic growth is surprisingly fragile, as shown in a number of other papers. After demonstrating this empirical sensitivity, we address one possible explanation for these findings: that the relationship is nonlinear. Following the...
Persistent link: https://www.econbiz.de/10013246333