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Decision making in the WTO has become ever more difficult as the number of members increases and the range of issues … tackled broadens. This paper looks at reasons why aspects of decision-making might be changed and discusses a number of … trading system. It then takes a detailed look at the notion of critical mass decision-making. It argues for this approach …
Persistent link: https://www.econbiz.de/10010326781
Decision making in the WTO has become ever more difficult as the number of members increases and the range of issues … tackled broadens. This paper looks at reasons why aspects of decision-making might be changed and discusses a number of … trading system. It then takes a detailed look at the notion of ‘critical mass' decision-making. It argues for this approach …
Persistent link: https://www.econbiz.de/10013125544
few important initiatives on transparency and decision-making, most contributions on the functioning of the WTO have been … than a decade of efforts to conclude the Doha Round of trade negotiations. This paper explores the possibility of …
Persistent link: https://www.econbiz.de/10009376109
This paper argues that preferential trade agreements (PTAs) and the World Trade Organization (WTO) are not substitutes, and while PTAs are without doubt here to stay, dispensing with a multilateral venue for doing business in trade matters is not a serious option. It is therefore necessary to...
Persistent link: https://www.econbiz.de/10010348853
This paper argues that preferential trade agreements (PTAs) and the World Trade Organization (WTO) are not substitutes, and while PTAs are without doubt here to stay, dispensing with a multilateral venue for doing business in trade matters is not a serious option. It is therefore necessary to...
Persistent link: https://www.econbiz.de/10013054264
This chapter investigates how economic diplomacy can be used to generate and increase economic security. The first section sets out a definition for economic diplomacy, uncovers some of the historical roots and discusses empirical findings on the trade - conflict - cooperation relationships. The...
Persistent link: https://www.econbiz.de/10014206145
We assess the impact of U.S. trade policy uncertainty (TPU) toward China in a tractable general equilibrium framework with heterogeneous firms. We show that increased TPU reduces investment in export entry and technology upgrading, which in turn reduces trade flows and real income for consumers....
Persistent link: https://www.econbiz.de/10011083973
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...
Persistent link: https://www.econbiz.de/10011115017
I provide novel evidence for the impact of trade policy uncertainty on exporters. In a dynamic, heterogeneous firms model, trade policy uncertainty will delay the entry of exporters into new markets and make them less responsive to applied tariff reductions. Policy instruments that reduce or...
Persistent link: https://www.econbiz.de/10010822521
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...
Persistent link: https://www.econbiz.de/10010326782