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The World Trade Organization (WTO) oversees the negotiation and enforcement of formal rules governing international trade. Why do countries choose to adjudicate their trade disputes in the WTO rather than settling their differences on their own? In Why Adjudicate?, Christina Davis investigates...
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-Pacific Economic Cooperation (APEC). While both approaches are second-best compared to unconcerted unilateral liberalization, the major … disadvantage of liberalization APEC style in the industrial sector consists in introducing distortions between sectors as well as … of time consistency of liberalization under the so-called Bogor target of achieving free trade within APEC in 2010 (2020 …
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