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The economics of the world trading system

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World trade is governed by the rules of the World Trade Organization (WTO), the successor to the General Agreement on Tariffs and Trade (GATT). The WTO sets rules of conduct for the international trade of goods and services and for intellectual property rights, provides a forum for multinational negotiations to resolve trade problems, and has a formal mechanism for dispute settlement. It is the primary institution working, through rule-based bargaining, at freeing trade.In this book, Kyle Bagwell and Robert Staiger provide an economic analysis and justification for the purpose and design of the GATT/WTO. They summarize their own research, discuss the major features of the GATT agreement, and survey the literature on trade agreements. Their focus on the terms-of-trade externality is particularly original and ties the book together. Topics include the theory of trade agreements, the origin and design of the GATT and the WTO, the principles of reciprocity, the most favored nation principle, terms-of-trade theory, enforcement, preferential trade agreements, labor and environmental standards, competition policy, and agricultural export subsidies.OCLC-licensed vendor bibliographic record.

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Detail Information

Series Title

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Call Number

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Publisher

Cambridge, Massachusetts : The MIT Press., 2002.

Collation

1 online resource (xiii, 224 pages) :illustrations

Language

English

ISBN/ISSN

9780262267540

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

Free trade.
International trade.
Competition, International.
Foreign trade regulation.
Commercial treaties.
Tariff.
Favored nation clause.

Specific Detail Info

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Statement of Responsibility

Kyle Bagwell and Robert W. Staiger.

Other Information

Cataloger

Yora

Source

https://direct.mit.edu/books/monograph/1860/The-Economics-of-the-World-Trading-System

Validator

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Digital Object Identifier (DOI)

https://doi.org/10.7551/mitpress/2628.001.0001

Journal Volume

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Journal Issue

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Subtitle

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