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International investment agreements employ dispute settlement procedures that differ markedly from their counterparts in trade agreements along three key dimensions: standing (i.e., the right to file grievances), the nature of the remedy, and the remedial period. In the state-to-state dispute...
Persistent link: https://www.econbiz.de/10012481969
I explore whether the world trading system of the twentieth century can be adapted to address the challenges of the …
Persistent link: https://www.econbiz.de/10012585431
We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, GATT. We review recent …
Persistent link: https://www.econbiz.de/10012463204
membership into the world trading system, the WTO may face a "latecomers" problem that, while occurring also in earlier rounds …
Persistent link: https://www.econbiz.de/10012461008
Existing formal models of the relationship between trade policy and regulatory policy suggest the potential for a regulatory race to the bottom. WTO rules and disputes, however, center on complaints about excessively stringent regulations. This paper bridges the gap between the existing formal...
Persistent link: https://www.econbiz.de/10012463108
What are the potential benefits from establishing international rules for the conduct of trade policy and how should these rules be designed? These questions are of central importance to the evolution of national trade policies in the post-war era, a period in which an elaborate system of...
Persistent link: https://www.econbiz.de/10012473937
What are the sovereign rights of nations in an interdependent world, and to what extent do these rights stand in the … role and design of international institutions as well as growing tension between globalization and the preservation of … (Nash) world in which there exist no international agreements of any kind. And with national sovereignty characterized in …
Persistent link: https://www.econbiz.de/10012468444
We formalize the GATT/WTO principle of reciprocity in workhorse quantitative trade models, characterizing reciprocal tariff cuts that hold terms of trade fixed and investigating their labor-market impacts. We provide closed-form expressions mapping reciprocal tariff cuts to labor market...
Persistent link: https://www.econbiz.de/10015056161
in an interdependent world? This question is at the center of the debate over the future role of GATT (and its successor …
Persistent link: https://www.econbiz.de/10012471491
What incentives do governments have to negotiate "new trade agreements," i.e., agreements that constrain not only governments' choices of tariffs, but also their domestic regulatory policies? We focus on horizontal product standards, i.e., those that impose requirements along a horizontal...
Persistent link: https://www.econbiz.de/10012480078