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A 'new trade' theory of GATT/WTO negotiations
| Content Provider | Library of Congress - Books/Printed Material |
|---|---|
| Author | Ossa, Ralph. |
| Temporal Coverage | 2008 |
| Copyright Year | 2008 |
| 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. |
| Language | English |
| Publisher | Centre for Economic Performance, London School of Economics and Political Science |
| Publisher Place | London |
| Part of Series | Catalog |
| Requires | HTML5 supported browser |
| Access Restriction | Open |
| Subject Keyword | Gatt/wto New Trade Theory Trade Negotiations |
| Subject Domain (in LCSH) | Trade negotiations ; |
| Subject Domain (in LCSH) | GATT/WTO ; |
| Subject Domain (in LCSH) | New trade theory |
| Subject Domain (in LCC) | HC10 |
| Content Type | Text |
| Resource Type | Book |
