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Seeking “Better” Trade Deals: Is There Anything Beyond Good Slogans?

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  • Kerr, William A.

Abstract

In 2016, in separate electoral events in the UK and the United States, the angst arising from a perception of falling behind among many voters was successfully tapped into by the proponents of Brexit and Donald Trump’s presidential campaign. Slogans such as UK Independence Day and Make America Great Again captured the feeling of angst. Both the Leave campaign and Donald Trump suggested that existing trade arrangements were to blame and that new trading arrangements could redress the perceived decline. Neither, however, put forth any specific policies outlining how this was to be accomplished. This article examines the options for altering international trade arrangements in ways that could achieve a reversal of the fortunes of those left behind. The conclusion, after examining various trade policy options, is that there is no obvious path to achieving the desired result through changes in trading arrangements.

Suggested Citation

  • Kerr, William A., 2017. "Seeking “Better” Trade Deals: Is There Anything Beyond Good Slogans?," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 18(1), July.
    • Handle: RePEc:ags:ecjilt:260368
    DOI: 10.22004/ag.econ.260368
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    References listed on IDEAS

    as
    1. Kerr, William A., 2016. "Disequilibrium, Trade and the Consequenses of Adjustment," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 17(2), pages 1-17, December.
    2. William Kerr & Nicholas Perdikis, 2014. "A Guide to the Global Business Environment," Books, Edward Elgar Publishing, number 15870.
    3. William A. Kerr & James D. Gaisford (ed.), 2007. "Handbook on International Trade Policy," Books, Edward Elgar Publishing, number 3521.
    4. Sangeeta Khorana & Nicholas Perdikis & May T. Yeung & William A. Kerr, 2010. "Bilateral Trade Agreements in the Era of Globalization," Books, Edward Elgar Publishing, number 13719.
    5. Kerr, William A., 2007. "International Trade Education: Do We Need a New Model for the Global Market?," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 8(1), pages 1-11.
    6. William A. Kerr, 2006. "Dumping: Trade Policy in Need of a Theoretical Make Over," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 54(1), pages 11-31, March.
    7. Heinz G. Preusse, 2004. "The New American Regionalism," Books, Edward Elgar Publishing, number 3271.
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