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- W2252672011 abstract "I develop a novel theory of GATT/WTO negotiations. This theory provides new answers to two prominent questions in the trade policy literature: first, what is the purpose of trade negotiations? And second, what is the role played by the fundamental GATT/WTO principles of reciprocity and nondiscrimination? Relative to the standard terms-of-trade theory of GATT/WTO negotiations, my theory makes two main contributions: first, it builds on a ‘new trade’ model rather than the neoclassical trade model and therefore sheds new light on GATT/WTO negotiations between similar countries. Second, it relies on a production relocation externality rather than the terms-of-trade externality and therefore demonstrates that the terms-of-trade externality is not the only trade policy externality, which can be internalized in GATT/WTO negotiations." @default.
- W2252672011 created "2016-06-24" @default.
- W2252672011 creator A5090816742 @default.
- W2252672011 date "2009-11-11" @default.
- W2252672011 modified "2023-09-27" @default.
- W2252672011 title "A ‘New Trade’ Theory of GATT/WTO Negotiations" @default.
- W2252672011 doi "https://doi.org/10.30875/dfceab11-en" @default.
- W2252672011 hasPublicationYear "2009" @default.
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