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Economic Theory and the Interpretation of GATT/WTO
Kyle Bagwell and Robert W. Staiger
The American Economist
Vol. 46, No. 2 (Fall, 2002), pp. 3-19
Published by: Sage Publications, Inc.
Stable URL: http://www.jstor.org/stable/25604252
Page Count: 17
You can always find the topics here!Topics: Tariffs, Trade agreements, Government, Trade policy, Public assistance programs, World prices, Imports, Free trade, Terms of trade, Retaliation
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Over the past 50 years, a remarkable degree of trade liberalization has been achieved through GATT/WTO negotiations. In this paper, we describe work that provides a theoretical interpretation of this institution. We emphasize two key features of GATT/WTO: reciprocity and enforcement. We also identify important areas for future research. The work described here contributes to the fields of International Trade and Applied Game Theory.
The American Economist © 2002 Sage Publications, Inc.