May 1999 - Preferential trade agreements that are limited to the elimination of tariffs for merchandise trade flows are of limited value at best and may be as easily welfare-reducing as welfare-enhancing. It is important that preferential trade agreements go beyond eliminating tariffs and quotas...

Our focus is a preliminary investigation of the link between democratic politics and the stability of globalization in three steps. First, we briefly develop two key distinctions that provide an analytical framework for our discussion. Specifically, we argue that most of the literature on...