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- W2890939577 abstract "The clause was a major focus of the drafters of GATT in 1947, and its relevance was revisited and reaffirmed with the creation of the WTO in 1995. And according to the terms-of-trade theory of trade agreements, it has an important role to play in facilitating the success of the shallow integration approach that the GATT/WTO has adopted. Yet despite the prominence given to the non-violation clause by its legal drafters and suggested by economic theory, in GATT/WTO practice the observed performance of the non-violation complaint has been weak. Can a model account for the observed features of the usage and outcomes of non-violation claims? And if so, what is implied by these weak performance measures about the (on- and off-) equilibrium impacts of the non-violation clause on the joint welfare of the GATT/WTO member governments? We develop a model of non-violation claims in trade agreements, demonstrate that it can account for the observed features of the usage and outcomes of non-violation claims, and show that the weak performance measures of observed non-violation claims are not inconsistent with a valuable role for the non-violation clause in the GATT/WTO." @default.
- W2890939577 created "2018-09-27" @default.
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- W2890939577 date "2013-07-01" @default.
- W2890939577 modified "2023-09-24" @default.
- W2890939577 title "How Important can the Non-Violation Clause be for the GATT/WTO?" @default.
- W2890939577 doi "https://doi.org/10.3386/w19256" @default.
- W2890939577 hasPublicationYear "2013" @default.
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