Ossa, Ralph (2008) A 'new trade' theory of GATT/WTO negotiations. CEPDP, 877. Centre for Economic Performance, London School of Economics and Political Science, London, UK. ISBN 9780853282846
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Abstract
I develop a novel theory of GATT/WTO negotiations. This theory provides new answers to two prominent questions in the trade policy literature: first, what is the purpose of trade negotiations? And second, what is the role played by the fundamental GATT/WTO principles of reciprocity and nondiscrimination? Relative to the standard terms-of-trade theory of GATT/WTO negotiations, my theory makes two main contributions: first, it builds on a ‘new trade’ model rather than the neoclassical trade model and therefore sheds new light on GATT/WTO negotiations between similar countries. Second, it relies on a production relocation externality rather than the terms-of-trade externality and therefore demonstrates that the terms-of-trade externality is not the only trade policy externality which can be internalized in GATT/WTO negotiations.
| Item Type: | Monograph (Discussion Paper) |
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| Official URL: | http://cep.lse.ac.uk |
| Additional Information: | © 2008 Ralph Ossa |
| Uncontrolled Keywords: | Trade negotiations; GATT/WTO; New trade theory |
| Library of Congress subject classification: | H Social Sciences > HF Commerce |
| Journal of Economic Literature Classification System: | F - International Economics > F1 - Trade > F13 - Commercial Policy; Protection; Promotion; Trade Negotiations; International Trade Organizations F - International Economics > F1 - Trade > F12 - Models of Trade with Imperfect Competition and Scale Economies |
| Sets: | Collections > Economists Online Research centres and groups > Centre for Economic Performance (CEP) Departments > Economics |
| Rights: | http://www.lse.ac.uk/library/rights/LSERO.htm |
| Identification Number: | 877 |
| URL: | http://eprints.lse.ac.uk/19564/ |
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