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Multilateral Trade Negotiations and Preferential Trading Arrangements

In: Globalization And International Trade Policies

Author

Listed:
  • Alan V. Deardorff

    (Department of Economics and Gerald R. Ford School of Public Policy, University of Michigan, USA)

  • Robert M. Stern

    (Department of Economics and Gerald R. Ford School of Public Policy, University of Michigan, USA)

Abstract

The following sections are included:IntroductionThe Principles of GATTA Brief History of GATT Negotiating RoundsPreferential Trading Arrangements and the GATTGATT Article XXIVCharacteristics and Consequences of Preferential ArrangementsThe Advantages and Limitations of Multilateralism and Preferential ArrangementsThe Case for MultilateralismRole and Authority of the GATT in a Changing World EconomyCriticisms of Multilateralism and Advantages of Preferential ArrangementsCriticisms of Preferential Trading ArrangementsTheoretical Analysis of the Welfare Effects of the Expansion of Trading BlocsThe Krugman ArgumentA Comparative Advantage ApproachA Four-Country ExampleA Six-Country ExampleA Many-Country CaseTariffsExtensions and CaveatsImplications for the Design of Trading Blocs to Enhance World WelfareAppendixStudy QuestionsReferencesSuggested Further Reading

Suggested Citation

  • Alan V. Deardorff & Robert M. Stern, 2009. "Multilateral Trade Negotiations and Preferential Trading Arrangements," World Scientific Book Chapters, in: Globalization And International Trade Policies, chapter 6, pages 153-210, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812798091_0006
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    Citations

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    Cited by:

    1. Antonio Spilimbergo & Ernesto Stein, 1998. "The Welfare Implications of Trading Blocs among Countries with Different Endowments," NBER Chapters, in: The Regionalization of the World Economy, pages 121-152, National Bureau of Economic Research, Inc.
    2. Frankel, Jeffrey A & Stein, Ernesto & Wei, Shang-Jin, 1996. "Regional Trading Arrangements: Natural or Supernatural," American Economic Review, American Economic Association, vol. 86(2), pages 52-56, May.
    3. Xinshen Diao & Terry Roe & Agapi Somwaru, 2001. "What is the Cause of Growth in Regional Trade: Trade Liberalisation or RTAs? The Case of Agriculture," The World Economy, Wiley Blackwell, vol. 24(1), pages 51-79, January.
    4. Carsten Kowalczyk & Tomas Sjostrom, 1993. "Bringing GATT into the Core," NBER Working Papers 4343, National Bureau of Economic Research, Inc.
    5. John Romalis, 2007. "NAFTA's and CUSFTA's Impact on International Trade," The Review of Economics and Statistics, MIT Press, vol. 89(3), pages 416-435, August.
    6. Pravin Krishna, 1996. "Regionalism and Multilateralism: A Political Economy Approach," Working Papers 96-5, Brown University, Department of Economics.
    7. Shang-Jin Wei & Jeffrey A. Frankel, 1998. "Open Regionalism in a World of Continental Trade Blocs," IMF Staff Papers, Palgrave Macmillan, vol. 45(3), pages 440-453, September.
    8. Kyle Bagwell & Robert W. Staiger, 1993. "Multilateral Tarriff Cooperation During the Formation of Regional Free Trade Areas," NBER Working Papers 4364, National Bureau of Economic Research, Inc.
    9. Robert Pahre, 1994. "Multilateral Cooperation in an Iterated Prisoner's Dilemma," Journal of Conflict Resolution, Peace Science Society (International), vol. 38(2), pages 326-352, June.
    10. Pravin Krishna, 1998. "Regionalism and Multilateralism: A Political Economy Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(1), pages 227-251.

    More about this item

    Keywords

    Globalization; International Trade; International Finance; Trading Arrangements; WTO;
    All these keywords.

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General

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