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This paper develops three major themes. First, the atmosphere of gloom around the multilateral trading system due to dim prospects of a successful conclusion of the Doha Round notwithstanding, global trade regime remains open and the institution in charge of it, the World Trade Organization, is...
Persistent link: https://www.econbiz.de/10010311846
The well-known question whether regional trade agreements (RTAs) and the multilateral trading system (MTS) are "strangers, friends, or foes" (Bhagwati and Panagariya, 1996) has gained new importance with the widespread proliferation of RTAs in recent years. Based on an extensive data set which...
Persistent link: https://www.econbiz.de/10008561057
Persistent link: https://www.econbiz.de/10008515222
No abstract received.
Persistent link: https://www.econbiz.de/10008485497
Using a detailed data set at the tariff line level, we find an emulator effect of multilateralism on subsequent …
Persistent link: https://www.econbiz.de/10008542754
Regional trade arrangements (RTAs) in Africa have been ineffective in promoting trade and foreign direct investment. Relatively high external trade barriers and low resource complementarity between member countries limit both intra- and extraregional trade. Small market size, poor transport...
Persistent link: https://www.econbiz.de/10005768946
Using a detailed data set at the tariff line level, we find an emulator effect of multilateralism on subsequent …
Persistent link: https://www.econbiz.de/10008468716
Until 2000, East Asia countries have been involved in the multilateral trade system but did not participate on a large scale in regional or bilateral trade agreements, despite a real de facto economic integration through a high intra regional trade. Since 2000, these countries negotiate and...
Persistent link: https://www.econbiz.de/10005560275
Preferential trade agreements (PTAs) in the Asia-Pacific region have proliferated rapidly over the past five years and … of these PTAs, discusses their characteristics and implementation, and assesses their potential effects. Realizing the … potential gains from Asia-Pacific PTAs requires a commitment to liberalize sensitive sectors, to maintain consistent provisions …
Persistent link: https://www.econbiz.de/10005599528
paints a bleak picture for multilateralism: US exports to China would have to triple for a new WTO round to stand a chance …. But even this may be insufficient: a dynamic extension of the game shows that regionalism can have a lock-in effect …. Nonetheless, this does not plead for tougher WTO rules on regionalism. As is argued both qualitatively and quantitatively, these …
Persistent link: https://www.econbiz.de/10005585126