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Global Market Integration and National Sovereignty

Author

Listed:
  • Andrew G. Brown

    (Wellfleet, MA)

  • Robert M. Stern

    (University of Michingan)

Abstract

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.

Suggested Citation

  • Andrew G. Brown & Robert M. Stern, 2004. "Global Market Integration and National Sovereignty," Working Papers 518, Research Seminar in International Economics, University of Michigan.
  • Handle: RePEc:mie:wpaper:518
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    File URL: http://fordschool.umich.edu/rsie/workingpapers/Papers501-525/r518.pdf
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    Keywords

    Reciprocity; Non-Discrimination; Boundaries of WTO Regime;

    JEL classification:

    • F1 - International Economics - - Trade
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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