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We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, GATT. We review recent … developments in the relevant theoretical and empirical literature. And we describe the GATT/WTO architecture and briefly trace its … central features of the design and practice of the GATT/WTO, and we identify key unresolved issues. …
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We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, the General Agreement on … GATT/WTO architecture and briefly trace its historical antecedents. We suggest that the existing literature provides a … useful framework for understanding and interpreting central features of the design and practice of the GATT/WTO, and we …
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Empirical studies have repeatedly documented the countercyclical nature of trade barriers. In this paper, we propose a simple theoretical framework that is consistent with this and other empirical regularities in the relationship between protection and the business cycle. Focusing on...
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