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Global Market Integration and National Sovereignty

Listed author(s):
  • Andrew G. Brown

    (Wellfleet, MA)

  • Robert M. Stern

    (University of Michingan)

In this paper, we first trace the evolution of the global trading system from the 19th century to the present-day GATT/WTO arrangements, calling attention to the key roles of reciprocity and nondiscrimination, and we note how the system is now challenged by the new paradigm of global market integration. We then consider the recent plethora of free trade agreements (FTAs), including those between industrial and developing countries, and their uneasy relationship with a multilateral system based on non-discrimination.. Thereafter, we seek to identify the boundaries of the WTO and examine how the potential expansion of these boundaries extension and weakening of the effectiveness and influence of the WTO.

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Paper provided by Research Seminar in International Economics, University of Michigan in its series Working Papers with number 518.

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Length: 37 pages
Date of creation: 2004
Handle: RePEc:mie:wpaper:518
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