IDEAS home Printed from https://ideas.repec.org/p/cpr/ceprdp/747.html
   My bibliography  Save this paper

What to Expect from Regional and Multilateral Trade Negotiations: A Public Choice Perspective

Author

Listed:
  • Hoekman, Bernard
  • Leidy, Michael P

Abstract

It is commonly observed that international trade negotiations repeatedly fail to achieve outcomes that would appear to satisfy the criteria of efficiency and mutual advantage. It can be argued that this is due principally to the influence of interest groups. This paper develops an analytical structure for assessing the process of international trade negotiations that includes interest groups and self-interested negotiators as fundamental elements. The central conclusion of the analysis is that it is likely to be very difficult for a government that wishes to promote national welfare to do so. The political economy analysis suggests there are strong incentives facing politicians to produce agreements whose profile appears distinctly liberalizing while significant protectionist character flaws tend to be buried in the esoterica. The primary need is to design institutions that will help to introduce much greater transparency in both regional and multilateral agreements and thereby encourage the mobilization of diffuse consumer interests. Only then will significant progress towards liberalization - whether regional or multilateral - become more likely.

Suggested Citation

  • Hoekman, Bernard & Leidy, Michael P, 1993. "What to Expect from Regional and Multilateral Trade Negotiations: A Public Choice Perspective," CEPR Discussion Papers 747, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:747
    as

    Download full text from publisher

    File URL: http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=747
    Download Restriction: CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bougheas, Spiros & Nelson, Doug, 2013. "On the political economy of high skilled migration and international trade," European Economic Review, Elsevier, vol. 63(C), pages 206-224.

    More about this item

    Keywords

    Multilateral Negotiations; Public Choice; Regional Trade Agreements;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:747. 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: (). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.