Murshed, S. Mansoob - In: Journal of Economic Integration 19 (2004), pp. 317-331
the WTO can act as a credible commitment device. In these circumstances, however, the South’s commitment to free trade …A signalling game involving three parties: a developing country, the WTO and a developed country is outlined. The … developing country might be tempted to renege or deviate from free trade. Although the costs of reneging from free trade result …