Preface -- Raymond Vernon / Roger B. Porter -- PART ONE, Introduction and Overview. 1. Efficiency, equity, and legitimacy : the global trading system in the twenty-first century / Roger B. Porter -- 2. Dark clouds over Geneva? : the troubled prospects of the multilateral trading system / Pierre...

There is growing clamor in industrial countries for additional border taxes on imports from countries with lower carbon prices. A key factor affecting the impact of these taxes is whether they are based on the carbon content of imports or the carbon content in domestic production. Our...

Th ere is growing clamor in industrial countries for additional border taxes on imports from countries with lower carbon prices. We confirm the findings of other research that unilateral emissions cuts by industrial countries will have minimal carbon leakage effects. However, output and exports...