Sprache:
Englisch
Seiten:
Online-Ressource (1 online resource (38 p.))
Ausgabe:
Online-Ausg. World Bank E-Library Archive
Paralleltitel:
Mattoo, Aaditya Should Credit Be Given for Autonomous Liberalization in Multilateral Trade Negotiations?
Schlagwort(e):
Currencies and Exchange Rates
;
Currency
;
Debt Markets
;
Dispute Settlement
;
Economic Theory and Research
;
Emerging Markets
;
Finance and Financial Sector Development
;
Free Trade
;
Insurance and Risk Mitigation
;
International Economics & Trade
;
International Trade and Trade Rules
;
Macroeconomics and Economic Growth
;
Multilateral Liberalization
;
Multilateral Negotiations
;
Private Sector Development
;
Public Sector Development
;
Reciprocal Concessions
;
Tariff
;
Tariff Reductions
;
Tariff Schedule
;
Tariffs
;
Terms Of Trade
;
Terms Of Trade Loss
;
Trade
;
Trade Liberalization
;
Trade Negotiations
;
Trade Policy
;
Trade Policy
;
Unilateral Liberalization
;
Unilateral Reduction
;
Unilateral Tariff Reduction
;
World Trade
;
World Trade Organization
;
Currencies and Exchange Rates
;
Currency
;
Debt Markets
;
Dispute Settlement
;
Economic Theory and Research
;
Emerging Markets
;
Finance and Financial Sector Development
;
Free Trade
;
Insurance and Risk Mitigation
;
International Economics & Trade
;
International Trade and Trade Rules
;
Macroeconomics and Economic Growth
;
Multilateral Liberalization
;
Multilateral Negotiations
;
Private Sector Development
;
Public Sector Development
;
Reciprocal Concessions
;
Tariff
;
Tariff Reductions
;
Tariff Schedule
;
Tariffs
;
Terms Of Trade
;
Terms Of Trade Loss
;
Trade
;
Trade Liberalization
;
Trade Negotiations
;
Trade Policy
;
Trade Policy
;
Unilateral Liberalization
;
Unilateral Reduction
;
Unilateral Tariff Reduction
;
World Trade
;
World Trade Organization
Kurzfassung:
June 2000 - As each new round of multilateral trade negotiations approaches, there is a demand for a negotiating rule that would give credit for previous unilateral liberalization. The feasibility and desirability of such a rule depend on when it is instituted. As each new round of multilateral trade negotiations approaches, there is a demand for a negotiating rule that would give credit for autonomous (unilateral) liberalization. Mattoo and Olarreaga show that the feasibility and desirability of such a rule depend on when it is instituted. A credit rule established at the beginning of a round of negotiations has a primarily distributional effect, favoring those who have already undertaken liberalization. Implementing such a rule would depend on the generosity of those who have not liberalized. The authors propose instead establishing a credit rule at the end of a round of negotiations, which creates an ex ante assurance that any unilateral liberalization will receive credit in the next round. Such a rule would help induce or enhance liberalization in some countries between negotiating rounds by reducing the gains from retaining protection as negotiating currency. More strikingly, it could also lead to deeper levels of multilateral liberalization and induce other countries to go further than they would in the absence of a rule. Most important, such an ex ante rule would not rely on altruism to be generally acceptable. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to improve trade policy in goods and services. The authors may be contacted at amattooworldbank.org or molarreaga@worldbank.org
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