Found 4 article(s) for author 'Trade Agreements'

Don’t Cry Over Dead Trade Agreements

Don’t Cry Over Dead Trade Agreements. Dani Rodrik, December 8, 2016, Opinion, “The seven decades since the end of World War II were an era of trade agreements. The world’s major economies were in a perpetual state of trade negotiations, concluding two major global multilateral deals: the General Agreement on Tariffs and Trade (GATT) and the treaty establishing the World Trade Organization. In addition, more than 500 bilateral and regional trade agreements were signed – the vast majority of them since the WTO replaced the GATT in 1995.Link

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Firms’ Preferences over Multidimensional Trade Policies: Global Production Chains, Investment Protection and Dispute Settlement Mechanisms

Firms’ Preferences over Multidimensional Trade Policies: Global Production Chains, Investment Protection and Dispute Settlement Mechanisms. Dustin Tingley, April 16, 2016, Paper. “In addition to the conventional focus on market access, recent trade agreements have included investment protection, dispute settlement mechanisms, and escape clauses that enhance flexibility. We argue that preferences over these newly salient dimensions of trade policy will vary by firm, not by industry, and that a firm’s preferences will depend on its insertion into global production networks. To estimate a firm’s preferences over multiple policy dimensions, we conduct a conjoint experiment on firms in Costa Rica, a middle-income democracy in the developing world. We find that investment protection is the most salient trade policy dimension for firms who are most deeply integrated into global production networks. In addition, strong dispute settlement procedures are most valued by exporters who are not central to global supply networks. Furthermore, we find few differences across industries, thus challenging the conventional focus on inter-industry distinctions in the trade policy literature.Link

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US should not negotiate free trade behind closed doors

US should not negotiate free trade behind closed doors. Mark Wu, May 26, 2015, Opinion. “Many Americans who think free trade can be good for them nevertheless doubt whether the same can be said for the international trade agreements that are actually being written, often in conditions of secrecy.  The Trans-Pacific Partnership , an agreement that the US is negotiating with 11 Pacific Rim countries, is a case in point. Beyond the few paragraphs on the White House website, most Americans have little idea what it contains. Even members of Congress have to go to a secure room in the basement to read the latest negotiating text…Link

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Negotiating free trade

Negotiating free trade. Philippe Aghion, September 2007, Paper. “We develop a dynamic bargaining model in which a leading country endogenously decides whether to sequentially negotiate free trade agreements with subsets of countries or engage in simultaneous multilateral bargaining with all countries at once. We show how the structure of coalition externalities shapes the choice between sequential and multilateral bargaining, and we identify circumstances in which the grand coalition is the equilibrium outcome, leading to worldwide free trade…” May require purchase or user account. Link

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