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Is the WTO passe ?

Kyle Bagwell, Chad P. Bown, Robert W. Staiger, Kyle Bagwell, Chad P. Bown and Robert W. Staiger
Authors registered in the RePEc Author Service: Chad P. Bown (), Robert W. Staiger () and Kyle Bagwell

No 7304, Policy Research Working Paper Series from The World Bank

Abstract: The WTO has delivered policy outcomes that are very different from those likely to emerge out of the recent wave of preferential trade agreements (PTAs). Should economists see this as an efficient institutional hand-off, where the WTO has carried trade liberalization as far as it can manage, and is now passing the baton to PTAs to finish the job? This paper surveys a growing economics literature on international trade agreements and argues on this basis that the WTO is not passé. Rather, and subject to some caveats, this survey of research to date suggests that the WTO warrants strong support while a more cautious view of PTAs seems appropriate.

Keywords: International Trade and Trade Rules; Settlement of Investment Disputes; Trade Policy; Rules of Origin; Trade and Multilateral Issues; Competitiveness and Competition Policy; Competition Policy (search for similar items in EconPapers)
Date: 2015-06-12
New Economics Papers: this item is included in nep-int
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Journal Article: Is the WTO Passé? (2016) Downloads
Working Paper: Is the WTO Passé? (2015) Downloads
Working Paper: Is the WTO passé? (2015) Downloads
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