What Are Trade Agreements For? – Two Conflicting Stories Told by Economists, With a Lesson for Lawyers

Regan, Donald H.

doi:10.1093/jiel/jgl034

Cited by 137 publications

(28 citation statements)

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“…But terms-oftrade manipulation is often dismissed as an empirically irrelevant possibility (e.g., see Krugman 1997, Regan 2006. Given the central role that terms-of-trade manipulation is now understood to play in theories of trade agreements, it is therefore important to revisit the empirical evidence on this basic question.…”

Section: Introductionmentioning

confidence: 99%

The World Trade Organization: Theory and Practice

Bagwell

Staiger

2010

Annu. Rev. Econ.

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We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, the General Agreement on Tariffs and Trade (GATT), and review recent developments in the relevant theoretical and empirical literature. We describe the GATT/WTO architecture and briefly trace its historical antecedents. We suggest that the existing literature provides a useful framework for understanding and interpreting central features of the design and practice of the GATT/WTO, and we identify key unresolved issues.WTO, GATT, trade agreements, terms-of-trade theory

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Section: Introductionmentioning

confidence: 99%

The World Trade Organization: Theory and Practice

Bagwell

Staiger

2010

Annu. Rev. Econ.

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“…The theory has been criticized on various grounds, most notably by Ethier (2007Ethier ( , 2013) and Regan (2006Regan ( , 2015. The criticisms take three, interrelated forms.…”

Section: Critiques Of the Theorymentioning

confidence: 99%

The Purpose of Trade Agreements

Grossman

2016

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This paper reviews the literature on governments' motivations for negotiating and joining international trade agreements. I discuss both normative explanations for trade agreements and explanations based on political-economy concerns. Most of the paper focuses on the purpose of multilateral agreements, but I do discuss briefly the reasons we might see governments forming preferential or regional trade agreements that exclude some countries.

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“…A number of reports in the case-law part of this project discuss the role of safeguards in the WTO, See, e.g., Bagwell and Sykes (2004), Grossman and Mavroidis (2004a), Grossman and Sykes (2006), and Horn and Mavroidis (2004a). See also Regan (2006) for a critical discussion of the ability of the national market power model to capture salient features of WTO safeguards.…”

Section: Possibilities To Escape Bindingsmentioning

confidence: 99%

Why the WTO? An Introduction to the Economics of Trade Agreements

Grossman¹,

Horn

2013

Legal and Economic Principles of World Trade Law

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What Are Trade Agreements For? – Two Conflicting Stories Told by Economists, With a Lesson for Lawyers

Cited by 137 publications

References 1 publication

The World Trade Organization: Theory and Practice

The World Trade Organization: Theory and Practice

The Purpose of Trade Agreements

Why the WTO? An Introduction to the Economics of Trade Agreements

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