At least since 1750 when Baron de Montesquieu declared “peace is the natural effect of trade,” a number of economists … and political scientists espoused the notion that trade among nations leads to peace. Employing resources more efficiently … comparative advantage leads to gains from trade. If political conflict leads to a diminution of trade, then at least a portion of …

security of market access result from increased membership of the GATT/WTO system, which itself underwent important changes as …In the last ten years, there has been a sea change in trade and related policies in emerging markets. This results from … eliminated and tariffs, now the principal trade instrument, have been rationalized and reduced. Considerable increases in …

For many years now, lack of progress in multilateral trade negotiations has been a major cause of concern among WTO … account of the use of OPAs in the GATT 1947 era and of its revival under the WTO Agreement. It describes the various areas of … concluding trade agreements is inevitable. However, the negotiating process has also been an obstacle to progress. All decisions …

equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 … countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member counties is … for non-member countries. We show that countries not experiencing positive trade effects from joining GATT/WTO can still …

equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 … countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member counties is … for non-member countries. We show that countries not experiencing positive trade effects from joining GATT/WTO can still …

We quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive … database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the average impact of GATT/WTO … more. Using these estimates, we simulate the general equilibrium effects of GATT/WTO on welfare, which are sizable and …

We quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive … database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the average impact of GATT/WTO … more. Using these estimates, we simulate the general equilibrium effects of GATT/WTO on welfare, which are sizable and …

The paper discusses various milestones in the process of multilateral trade negotiations, pinpoints current challenges … the multilateral approach is at least partly because the GATT departed from the strictly unconditional definition of the … hindered, multilateral trade liberalization in the past. The political economy of further multilateral liberalization has …

The paper discusses various milestones in the process of multilateral trade negotiations, pinpoints current challenges … the multilateral approach is at least partly because the GATT departed from the strictly unconditional definition of the … hindered, multilateral trade liberalization in the past. The political economy of further multilateral liberalization has …

The Doha multilateral round of trade negotiations sponsored by the WTO has been dragging on for over a decade, with no … end in sight. In this short paper we assess empirically what determines the duration of trade negotiations, focusing on … the span between the start of trade talks and their conclusion. We use data from 88 regional trade agreements between 1988 …