Unilateralism in a Multilateral World
This paper addresses the interplay between unilateralism and multilateralism. I describe their stylised facts and present a simple, multi-country model with high initial tariffs and features that have always been of paramount concern to policy makers, and allow governments to negotiate multilateral agreements. I then find a role for a system with features remarkably similar to contemporary unilateralism. The relationships between multilateralism and unilateralism are subtle: Unilateralism has the properties it has because the world is multilateral (the "insurance" "triangle"); useful unilateralism requires a "multilateral" "component" resulting from a "compatibility problem" between those who negotiate multilaterally and those who establish unilateralism. Copyright 2002 Royal Economic Society
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 112 (2002)
Issue (Month): 479 (April)
|Contact details of provider:|| Postal: Office of the Secretary-General, Rm E35, The Bute Building, Westburn Lane, St Andrews, KY16 9TS, UK|
Phone: +44 1334 462479
Web page: http://www.res.org.uk/
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishers.co.uk/asp/journal.asp?ref=0013-0133|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Staiger, Robert W & Tabellini, Guido, 1987. "Discretionary Trade Policy and Excessive Protection," American Economic Review, American Economic Association, vol. 77(5), pages 823-37, December.
- Krishna, Kala, 1989.
"Trade restrictions as facilitating practices,"
Journal of International Economics,
Elsevier, vol. 26(3-4), pages 251-270, May.
- Ethier, Wilfred, 1996.
"Regionalism in a multilateral world,"
Discussion Papers, Series II
314, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
- Ethier, Wilfred J., 2001. "Theoretical problems in negotiating trade liberalization," European Journal of Political Economy, Elsevier, vol. 17(2), pages 209-232, June.
- Richard Harris, 1985.
"Why Voluntary Export Restraints Are 'Voluntary.',"
Canadian Journal of Economics,
Canadian Economics Association, vol. 18(4), pages 799-809, November.
- Kyle Bagwell & Robert W. Staiger, 1988.
"A Theory of Managed Trade,"
NBER Working Papers
2756, National Bureau of Economic Research, Inc.
- Ethier, W.J. & Horn, H., 1993.
"Results-Oriented Trade Policy,"
ISER Discussion Paper
0304, Institute of Social and Economic Research, Osaka University.
- Ethier, Wilfred J, 1998. "The New Regionalism," Economic Journal, Royal Economic Society, vol. 108(449), pages 1149-61, July.
- Bagwell,K. & Staiger,R.W., 1999.
"Multilateral trade negotiations, bilateral opportunism and the rules of GATT,"
6, Wisconsin Madison - Social Systems.
- Kyle Bagwell & Robert W. Staiger, 1999. "Multilateral Trade Negotiations, Bilateral Opportunism and the Rules of GATT," NBER Working Papers 7071, National Bureau of Economic Research, Inc.
- Avinash Dixit, 2005.
"Trade And Insurance With Moral Hazard,"
World Scientific Book Chapters,
in: An Inframarginal Approach To Trade Theory, chapter 4, pages 53-74
World Scientific Publishing Co. Pte. Ltd..
- Jonathan Eaton & Gene M. Grossman, 1985.
"Tariffs as Insurance: Optimal Commercial Policy When Domestic Markets Are Incomplete,"
Canadian Journal of Economics,
Canadian Economics Association, vol. 18(2), pages 258-72, May.
- Jonathan Eaton & Gene M. Grossman, 1981. "Tariffs as Insurance: Optimal Commercial Policy When Domestic Markets Are Incomplete," NBER Working Papers 0797, National Bureau of Economic Research, Inc.
- Hillman, Arye L, 1982. "Declining Industries and Political-Support Protectionist Motives," American Economic Review, American Economic Association, vol. 72(5), pages 1180-87, December.
- Robert W. Staiger & Kyle Bagwell, 1999.
"An Economic Theory of GATT,"
American Economic Review,
American Economic Association, vol. 89(1), pages 215-248, March.
- K.C. Fung & Robert W. Staiger, 1994.
"Trade Liberalization and Trade Adjustment Assistance,"
- K.C. Fung & Robert W. Staiger, 1994. "Trade Liberalization and Trade Adjustment Assistance," NBER Working Papers 4847, National Bureau of Economic Research, Inc.
- Avinash Dixit, 1989. "Trade and Insurance with Adverse Selection," Review of Economic Studies, Oxford University Press, vol. 56(2), pages 235-247.
- Staiger, Robert W., 1995.
"International rules and institutions for trade policy,"
Handbook of International Economics,
in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 29, pages 1495-1551
- Robert W. Staiger, 1994. "International Rules and Institutions for Trade Policy," NBER Working Papers 4962, National Bureau of Economic Research, Inc.
- Bruce A. Blonigen & Thomas J. Prusa, 2001. "Antidumping," NBER Working Papers 8398, National Bureau of Economic Research, Inc.
- Baldwin, Robert E & Steagall, Jeffrey W., 1994. "An Analysis of US International Trade Commission Decisions in Antidumping, Countervailing Duty and Safeguard Cases," CEPR Discussion Papers 990, C.E.P.R. Discussion Papers.
- Hillman, Arye L, 1990. "Protectionist Policies as the Regulation of International Industry," Public Choice, Springer, vol. 67(2), pages 101-10, November.
- Tharakan, P. K. M. & Waelbroeck, J., 1994. "Antidumping and countervailing duty decisions in the E.C. and in the U.S.: An experiment in comparative political economy," European Economic Review, Elsevier, vol. 38(1), pages 171-193, January.
- Michel Kostecki, 1987. "Export-restraint Arrangements and Trade Liberalization," The World Economy, Wiley Blackwell, vol. 10(4), pages 425-453, December.
When requesting a correction, please mention this item's handle: RePEc:ecj:econjl:v:112:y:2002:i:479:p:266-292. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.