Domestic Policies In Self Enforcing Trade Agreements PDF Download
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Author | : Philip U. Sauré |
Publisher | : |
Total Pages | : 0 |
Release | : 2012 |
Genre | : |
ISBN | : |
Download Domestic Policies in Self-Enforcing Trade Agreements Book in PDF, ePub and Kindle
If all cross-country externalities travel through the terms-of-trade, efficient trade agreements target the terms-of-trade but ignore domestic policies. This argument has been advanced by prominent studies on trade agreements. The present paper shows that its logic fails if production possibilities are intertemporally linked -- for example, under dynamic factor accumulation. In this case, past policies shape current production possibilities and thus affect defection temptations. Therefore, self-enforcing trade agreements that leave the choice of domestic policies to individual countries risk that countries abandon the zone of voluntarily cooperation while optimizing their policies. Consequently, trade agreements that target only the terms-of-trade suffer inefficiencies that are absent in trade agreements that target policies directly. The losses are strictly positive except for knife-edge cases, which existing studies have focussed on.
Author | : Josh Ederington |
Publisher | : |
Total Pages | : 0 |
Release | : 2001 |
Genre | : |
ISBN | : |
Download International Coordination of Trade and Domestic Policies Book in PDF, ePub and Kindle
The success of GATT negotiations in lowering tariff barriers worldwide has shifted attention to the use of domestic policies as a secondary trade barrier, raising the question of how to deal with domestic policies within an international trade agreement. Currently, no theoretical basis exists for considering the allocation of scarce enforcement power at the international level over trade and domestic policies within a unified agreement. This paper provides such a framework in a model of self-enforcing international agreements. It is shown that, when limited enforcement power prevents countries from implementing a fully efficient set of trade and domestic policies, tariff barriers are the most efficient means of affording countries protection so as to maintain the viability of the agreement. This result supports current GATT language which allows governments the use of tariffs but prohibits the use of domestic policies as "disguised" trade restrictions.
Author | : Josh Ederington |
Publisher | : |
Total Pages | : 0 |
Release | : 2003 |
Genre | : |
ISBN | : |
Download Trade and Domestic Policy Linkage in International Agreements Book in PDF, ePub and Kindle
A central question in discussions of integrating negotiations over domestic policy (e.g., environmental policy or labor standards) into traditional trade agreements is the degree to which the trade policy and domestic policy provisions of an agreement should be explicitly linked. For example, should the World Trade Organization enforce domestic policy obligations with the threat of the suspension of trade concessions' This article considers the conditions under which linking trade and domestic policy agreements within a self-enforcing agreement is beneficial, and argues that the benefits of such policy linkage may be lower than is commonly thought.
Author | : Chad P. Bown |
Publisher | : |
Total Pages | : |
Release | : 2012 |
Genre | : |
ISBN | : |
Download Self-Enforcing Trade Agreements Book in PDF, ePub and Kindle
This paper estimates a model of a government making trade policy adjustments under a self-enforcing trade agreement in the presence of economic shocks. The empirical model is motivated by the formal theories of cooperative trade agreements. The authors find evidence that United States' use of its antidumping policy during 1997-2006 is consistent with increases in time-varying "cooperative" tariffs, where the likelihood of antidumping is increasing in the size of unexpected import surges, decreasing in the volatility of imports, and decreasing in the elasticities of import demand and export supply. The analysis finds additional support for the theory that some US antidumping use is consistent with cooperative behavior through a second empirical examination of how trading partners responded to these new US tariffs. Even after controlling for factors such as the expected cost and benefit to filing a WTO dispute or engaging in antidumping retaliation, the analysis find that trading partners are less likely to challenge such "cooperative" US antidumping tariffs that were imposed under terms-of-trade pressure suggested by the theory.
Author | : |
Publisher | : |
Total Pages | : |
Release | : 2003 |
Genre | : |
ISBN | : |
Download Self-Enforcing International Agreements & Domestic Policy Credibility Book in PDF, ePub and Kindle
Author | : |
Publisher | : Elsevier |
Total Pages | : 600 |
Release | : 2016-11-02 |
Genre | : Business & Economics |
ISBN | : 0444639268 |
Download Handbook of Commercial Policy Book in PDF, ePub and Kindle
Handbook of Commercial Policy explores three main topics that permeate the study of commercial policy. The first section presents a broad set of basic empirical facts regarding the pattern and evolution of commercial policy, with the second section investigating the crosscutting legal issues relating to the purpose and design of agreements. Final sections cover key issues of commercial policy in the modern global economy. Every chapter in the book provides coverage from the perspectives of multilateral, and where appropriate, preferential trade agreements. While most other volumes are policy-oriented, this comprehensive guide explores the ways that intellectual thinking and rigor organize research, further making frontier-level synthesis and current theoretical, and empirical, research accessible to all. Covers the research areas that are critical for understanding how the world of commercial policy has changed, especially over the last 20 years Presents the way in which research on the topic has evolved Scrutinizes the economic modeling of bargaining and legal issues Useful for examining the theory and empirics of commercial policy
Author | : Chad P. Bown |
Publisher | : Rowman & Littlefield |
Total Pages | : 301 |
Release | : 2010-02-01 |
Genre | : Political Science |
ISBN | : 0815704186 |
Download Self-Enforcing Trade Book in PDF, ePub and Kindle
The World Trade Organization—backbone of today's international commercial relations—requires member countries to self-enforce exporters' access to foreign markets. Its dispute settlement system is the crown jewel of the international trading system, but its benefits still fall disproportionately to wealthy nations. Could the system be doing more on behalf of developing countries? In Self-Enforcing Trade, Chad P. Bown explains why the answer is an emphatic "yes." Bown argues that as poor countries look to the benefits promised by globalization as part of their overall development strategy, they increasingly require access to the WTO dispute settlement process to protect their trading interests. Unfortunately, the practical realities of WTO dispute settlement as it currently stands create a number of hurdles that prevent developing countries from enjoying the trading system's full benefits. This book confronts these challenges. Self-Enforcing Trade examines the WTO's "extended litigation process," highlighting the tangle of international economics, law, and politics that participants must master. He identifies the costs that prevent developing countries from disentangling the self-enforcement process and fully using the WTO system as part of their growth strategies. Bown assesses recent efforts to help developing countries overcome those costs, including the role of the Advisory Centre on WTO Law and development focused NGOs. Bown's proposed Institute for Assessing WTO Commitments tackles the largest remaining obstacle currently limiting developing country engagement in the WTO's selfenforcement process—a problematic lack of information, monitoring, and surveillance.
Author | : |
Publisher | : Elsevier |
Total Pages | : 870 |
Release | : 2016-12-01 |
Genre | : Business & Economics |
ISBN | : 044463925X |
Download Handbook of Commercial Policy Book in PDF, ePub and Kindle
Handbook of Commercial Policy explores three main topics that permeate the study of commercial policy. The first section presents a broad set of basic empirical facts regarding the pattern and evolution of commercial policy, with the second section investigating the crosscutting legal issues relating to the purpose and design of agreements. Final sections cover key issues of commercial policy in the modern global economy. Every chapter in the book provides coverage from the perspectives of multilateral, and where appropriate, preferential trade agreements. While most other volumes are policy-oriented, this comprehensive guide explores the ways that intellectual thinking and rigor organize research, further making frontier-level synthesis and current theoretical, and empirical, research accessible to all. Covers the research areas that are critical for understanding how the world of commercial policy has changed, especially over the last 20 years Presents the way in which research on the topic has evolved Scrutinizes the economic modeling of bargaining and legal issues Useful for examining the theory and empirics of commercial policy
Author | : United States. President |
Publisher | : |
Total Pages | : 204 |
Release | : 1979 |
Genre | : Tariff |
ISBN | : |
Download Annual Report of the President of the United States on the Trade Agreements Program Book in PDF, ePub and Kindle
Author | : Andrew H. Card |
Publisher | : Council on Foreign Relations |
Total Pages | : 135 |
Release | : 2011 |
Genre | : Business & Economics |
ISBN | : 0876094418 |
Download U.S. Trade and Investment Policy Book in PDF, ePub and Kindle
From American master Ward Just, returning to his trademark territory of "Forgetfulness "and "The Weather in Berlin," an evocative portrait of diplomacy and desire set against the backdrop of America's first lost war