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The Global Trading System

Edited by

Kym Anderson

Professor of Ecohomics and Director, Centre for International Economic Studies, University of Adelaide

and

Bernard Hoekman

Senior Economist, International Trade Group, World Bank

Volume 1:

Genesis of the GATT

I.B.Tauris Publishers

LONDON • NEW YORK

(2)

CONTENTS

Introduction to Volume 1 vii Acknowledgements xvi 1. An Economic Theory of GATT K. Bagwell and R. W. Staiger 1 2. On Making Rules for the International Trading System

W. M. Corden 48 3. An Economist's Overview of the World Trade Organization

A. V Deardorff 60

4. The. End of the ITO W. Diebold, Jr. ' 8 1 5. The 1933 World Economic Conference as an Instance of

- Failed International Cooperation B. Eichengreen and M. Uzan 112 6. The GATT as an International Discipline over Trade Restrictions:

A Public Choice Approach J. M. Finger 142 7. Creating the GATT Rules: Politics, Institutions,

and American Policy jf. Goldstein 156 8. GATT: A Cooperative Equilibrium in a Noncooperative

Trading Regime? T. L. Hungerford 181 9. Multilateral and Bilateral Trade Policies in

the World Trading System: An Historical Perspective

D. A. Irwin 193 10. The GATT in Historical Perspective

D. A. Irwtn 218 11. An Economic Theory of Protectionism, Tariff Bargaining, and the

Formation of Customs Unions H. G. Johnson 226

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CONTENTS

12. Group Behavior and International Trade C. P. Kindleberger 257 13. Commercial Policy between the Wars C. P. Kindleberger 275 14. A Proposal for an International Commercial Union J. Meade 308 15. Do GATT Rules Help Governments Make Domestic Commitments?

R. W. Staiger and G. Tabellim 316 16. Reciprocity and Commercial Treaties

United States Tariff Commission 350 17. The Most-Favored-Nation Clause in American Commercial Treaties

J. Viner 387

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The Global Trading System

Edited by

Kym Anderson

Professor of Economics and Director, Centre for International Economic Studies, University of Adelaide

and

Bernard Hoekman

Senior Economist, International Trade Group, World Bank

Volume 2:

Core rules and procedures

c

I.B.Tauris Publishers

LONDON • NEW YORK

(5)

CONTENTS

Introduction to Volume 2 vii

i

Acknowledgements xvi 1. Toward More Efficient Procedures for

Multilateral Trade Negotiations R. E. Baldwin 1 2. Game-Modeling Multilateral Trade Negotiations

R. E. Baldwin and R. N. Clarke 13 3. Tariffs and the Most-Favored-Nation Clause:

A Game Theoretic Approach A. Cap I in and K. Krishna 38 4. Managing International Trade Conflicts:

Explanations and Prescription H. A. C. Conybeare 58 '5. GATT Tariff Concessions and the Exports of

Developing Countries — United States Concessions at the

Dillon Round J. M. Finger 72 6. Trade Liberalization as Politically Optimal Exchange of

Market Access A. L. Hdlman and P. Moser 82 7. Designing and Implementing Effective Dispute

Settlement Procedures: WTO Dispute Settlement,

Appraisal and Prospects J. II. Jackson 103 8. GATT, Dispute Settlement and Cooperation

D. Kovenock and M. Thursby 122' 9. The WTO's Trade Policy Review Mechanism -

From Through the Looking Glass S. Laird 142 10. International Trade Bargaining and the

Most-Favored-Nation Clause R. D. Ludema 164

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CONTENTS

11. A Game-Theoretic View of Internationa] Trade Negotiations:

Implications for the Developing Countries J. McMillan • 184 12. Reciprocity in Trade: the Utility of a Bargaining Strategy

C. Rhodes • 198 13. Toward a Positive Theory of the Most Favored Nation Obligation

and its Exceptions in the WTO/GATT System

W. F. Schwartz and A. O. Sykes 111 14. Evaluating Alternative Formulae for Reducing

Industrial Tariffs R. M. Stern 249 15. The Most-Favored-Nation Clause

j . Viner 262

16. Negotiating the Abolition of Npn-Tariff Barriers

L. A. Winters . 274

17. Reciprocity L. A. Winters 290 18. ' Two-Edged Sword: Demands of Developing Countries

and the Trading System M. Wolf 301

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The Global Trading System

Edited by

Kym Anderson

Professor of Economics and Director, Centre for International Economic Studies, University of Adelaide

and

Bernard Hoekman

Senior Economist, International Trade Group, World Bank

Volume 3:

Exceptions to the core rules

c

I.B.Tauris Publishers

LONDON "NEW YORK

(8)

CONTENTS

Introduction to Volume 3 • vii Acknowledgements . xix 1. Bringing Discipline to Agricultural Policy via WTO

K. Anderson . 1 2. Development Economics and the General Agreement on

Tariffs and Trade J. M. Finger 31 3. The Political Economy of Administered Protection

J. M. Finger, H. K. Hall, and D. R. Nelson 51 4. What Can the WTO Do for Developing Countries?

J. M. Finger and L. A. Winters 71 5. Middle Power Leadership and Coalition Building: Australia,

the Cairns Group, and the, Uruguay Round of Trade Negotiations R. A. Higgott and A. F. Cooper 97 6. Assessing the General Agreement on Trade in Services

B. Hoekman 137 7. Tariffication in the Uruguay Round: How Much Liberalisation?

M. D. Ingco 169 8. Developing Country Coalition-Building and

International Trade Negotiations M. Kahler and J. Odell 190 9. The EC Antidumping Regulations:

A First Economic Appraisal 1980-85 P. A. MesserUn 204 10. Developing Countries' Participation in the WTO

C. Michalopoulos 111

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CONTENTS

11. Identifying the Issues in Trade in Services

G. Sampson and R. H. Snape • 252 12. International Regulation of Subsidies

R. H. Snape • 262 13. History and Economics of GATT's Article XXIV

R. H. Snape 286 14. Regionalism versus Multilateralism

L. A. Winters 302 15. How to Cut the Textile Knot: Alternative Paths to

Liberalization of the MFA M. Wolf 337

(10)

The Global Trading System

Edited by

Kym Anderson

Professor of Economics and Director, Centre for International Economic Studies, University of Adelaide

and

Bernard Hoekman

Senior Economist, International Trade Group, World Bank

Volume 4:

'New' issues for the WTO

I.B.Tauris Publishers

LONDON • NEW YORK

(11)

CONTENTS

Introduction to Volume 4 vii Acknowledgements xviii 1. Environmental and Labor Standards: What Role for WTO?

K. Anderson ~ 1 2. Fair Trade, Reciprocity and Harmonization: The New Challenge

to the Theory and Policy of Free Trade J. Bhagwati 25 3. Trade and the Environment: Does Environmental Diversity Detract'

from the Case for Free Trade? J. Bhagwati and T. N. Snnivasan 67 4. International Labor Standards and Trade: A Theoretical Analysis

D. K. Brown, A. V. Deardorff and R. M. Stern 123

5. The Seeking of a World Competition Code: Quixotic Quest?

J. Davidow . 168

6. Welfare Effects of Global Patent Protection A. V. Dear dorff 201 7. Efficiency and Distributional Implications of Global Restrictions

on Labour Mobility B. Hamilton and J. Whalley • 220 8. Competition Policy and the Global Trading System

B. Hoekman 234 9. Linking Negotiations on Trade and Foreign Direct Investment

R. McCulloch and R. F. Owen 257 10. Patents and Pharmaceutical Drugs: Understanding the Pressures

on Developing Countries J. Nogues 276 11. National Sovereignty and the World Trade Organization

D. Palmeter 300

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CONTENTS

12. Regulatory Protectionism and the Law of International Trade

A. 0. Sykes ' - 3 1 4 13. The Policy Harmonization Debate: What Can Developing

Countries Gain from Multilateral Negotiations? D. Tussie 352 14. Trouble for Us and Trouble for Them: Social Regulations as

Trade Barriers D. Vogel 363 15. Globalization, Labor Markets and Policy Backlash in the Past

J. G. Williamson 399

References

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