This paper examines whether the climate policy options policymakers are contemplating are compatible with core principles of the world trading system set forth in the General Agreement on Tariffs and Trade (GATT), the World Trade Organization (WTO), and Appellate Body decisions. The authors...

Das Augenmerk richtet sich auf das Dienstleistungsabkommen GATS (General Agreement on Trade in Services), das sich 1994 'in due course' dem GATT (General Agreement on Trade and Tariffs) anschloss und zu den folgenträchtigsten Abkommen innerhalb der Welthandelsorganisation WTO gezählt werden...

The theoretical debate over whether countries can and should set tariffs in response to the foreign export elasticities they face goes back to Edgeworth (1894). Despite the centrality of the optimal tariff argument in trade policy, there exists no evidence about whether countries actually...

Angesichts der Bedeutung ausländischer Direktinvestitionen in den globalen Wirtschaftsbeziehungen ist ein multilaterales Investitionsabkommen (MAI) zwingend notwendig. Dieses sollte die Liberalisierung der Etablierung und des operativen Geschäfts ausländischer Investoren induzieren wie auch...

Im ausgehenden 20. Jahrhundert nimmt das Ph?nomen der "Globalisierung" einengravierenden Stellenwert im internationalen Wirtschaftsgeschehen und in derinternationalen Politikdiskussion ein. Das fortschreitende Zusammenwachsen derVolkswirtschaften macht es immer schwieriger, die einzelnen Akteure...

One of the goals of the multilateral trading system is to enhance the stability and predictability of the environment in which traders operate.Binding tariffs at the WTO reduces the scope for their discretionary use. But, countries have bound tariffs at ceiling levels often substantially above...

Policy commitment and credibility are important for inducing agents to make costly, irreversible investments. Policy uncertainty can delay investment and reduce the response to policy change. I provide theoretical and novel quantitative evidence for these effects by focusing on trade policy, a...

One of the main objectives of the Bretton Woods negotiations was to guarantee the firm control over competitive exchange rate devaluations, which had worsened the effects of the economic crisis of the 1930s. The par value exchange rate system was thus created, representing a link between the...

The unsustainable production and consumption patterns leading to a problem with waste management require technical and administrative solution on a local, regional or national level. Efforts may be challenged by processes of globalisation and international politics. The author discusses the...

I evaluate India's transition from an inward-oriented development strategy to greater participation in the world economy. While tariff rates have decreased significantly over the past decade, India is still one of the more autarkic countries. Despite improvement over the past in export...