The Economics of the World Trading System
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Economics of the World Trading System by Kyle W. Bagwell
Book DescriptionWorld trade is governed by the rules of the World Trade Organization (WTO), the successor to the General Agreement on Tariffs and Trade (GATT). The WTO sets rules of conduct for the international trade of goods and services and for intellectual property rights, provides a forum for multinational negotiations to resolve trade problems, and has a formal mechanism for dispute settlement. It is the primary institution working, through rule-based bargaining, at freeing trade. In this book, Kyle Bagwell and Robert Staiger provide an economic analysis and justification for the purpose and design of the GATT/WTO. They summarize their own research, discuss the major features of the GATT agreement, and survey the literature on trade agreements. Their focus on the terms-of-trade externality is particularly original and ties the book together. Topics include the theory of trade agreements, the origin and design of the GATT and the WTO, the principles of reciprocity, the most favored nation principle, terms-of-trade theory, enforcement, preferential trade agreements, labor and environmental standards, competition policy, and agricultural export subsidies.
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Book DetailsISBN: 9780262524346
(229mm x 152mm x 11mm)
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 3-Sep-2004
Country of Publication: United States
Books By Author Kyle W. Bagwell
Preferential Trade Agreements, Paperback (October 2014)
Examines preferential trade agreements and the various dysfunctions that place them among the priority items for negotiation by the WTO.
Law and Economics of Contingent Protection in International Trade, Paperback (January 2014)» View all books by Kyle W. Bagwell
The book discusses the regulatory framework of contingent protection in the World Trade Organization.
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Author Biography - Kyle W. Bagwell
Kyle Bagwell is Professor of Economics and Senior Fellow at the Stanford Institute for Economic Policy Research. He is also Research Associate at the National Bureau of Economic Research.
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