The Global Trading System

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1 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 Introduction to Volume 1 Acknowledgements vii 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 An Economist's Overview of the World Trade Organization A. V Deardorff The. End of the ITO W. Diebold, Jr. ' The 1933 World Economic Conference as an Instance of - Failed International Cooperation B. Eichengreen and M. Uzan The GATT as an International Discipline over Trade Restrictions: A Public Choice Approach J. M. Finger Creating the GATT Rules: Politics, Institutions, and American Policy jf. Goldstein GATT: A Cooperative Equilibrium in a Noncooperative Trading Regime? T. L. Hungerford Multilateral and Bilateral Trade Policies in the World Trading System: An Historical Perspective D. A. Irwin The GATT in Historical Perspective D. A. Irwtn An Economic Theory of Protectionism, Tariff Bargaining, and the Formation of Customs Unions H. G. Johnson 226

3 12. Group Behavior and International Trade C. P. Kindleberger Commercial Policy between the Wars C. P. Kindleberger A Proposal for an International Commercial Union J. Meade Do GATT Rules Help Governments Make Domestic Commitments? R. W. Staiger and G. Tabellim Reciprocity and Commercial Treaties United States Tariff Commission The Most-Favored-Nation Clause in American Commercial Treaties J. Viner 387

4 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 Introduction to Volume 2 Acknowledgements i vii 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 Tariffs and the Most-Favored-Nation Clause: A Game Theoretic Approach A. Cap I in and K. Krishna 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 Trade Liberalization as Politically Optimal Exchange of Market Access A. L. Hdlman and P. Moser Designing and Implementing Effective Dispute Settlement Procedures: WTO Dispute Settlement, Appraisal and Prospects J. II. Jackson 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 International Trade Bargaining and the Most-Favored-Nation Clause R. D. Ludema 164

6 11. A Game-Theoretic View of Internationa] Trade Negotiations: Implications for the Developing Countries J. McMillan Reciprocity in Trade: the Utility of a Bargaining Strategy C. Rhodes 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 Evaluating Alternative Formulae for Reducing Industrial Tariffs R. M. Stern The Most-Favored-Nation Clause j. Viner Negotiating the Abolition of Npn-Tariff Barriers L. A. Winters Reciprocity L. A. Winters ' Two-Edged Sword: Demands of Developing Countries and the Trading System M. Wolf 301

7 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 Introduction to Volume 3 vii Acknowledgements. xix 1. Bringing Discipline to Agricultural Policy via WTO K. Anderson Development Economics and the General Agreement on Tariffs and Trade J. M. Finger The Political Economy of Administered Protection J. M. Finger, H. K. Hall, and D. R. Nelson What Can the WTO Do for Developing Countries? J. M. Finger and L. A. Winters Middle Power Leadership and Coalition Building: Australia, the Cairns Group, and the, Uruguay Round of Trade Negotiations R. A. Higgott and A. F. Cooper Assessing the General Agreement on Trade in Services B. Hoekman Tariffication in the Uruguay Round: How Much Liberalisation? M. D. Ingco Developing Country Coalition-Building and International Trade Negotiations M. Kahler and J. Odell The EC Antidumping Regulations: A First Economic Appraisal P. A. MesserUn Developing Countries' Participation in the WTO C. Michalopoulos 111

9 11. Identifying the Issues in Trade in Services G. Sampson and R. H. Snape International Regulation of Subsidies R. H. Snape History and Economics of GATT's Article XXIV R. H. Snape Regionalism versus Multilateralism L. A. Winters 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 Introduction to Volume 4 Acknowledgements vii 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 Trade and the Environment: Does Environmental Diversity Detract' from the Case for Free Trade? J. Bhagwati and T. N. Snnivasan International Labor Standards and Trade: A Theoretical Analysis D. K. Brown, A. V. Deardorff and R. M. Stern The Seeking of a World Competition Code: Quixotic Quest? J. Davidow Welfare Effects of Global Patent Protection A. V. Dear dorff Efficiency and Distributional Implications of Global Restrictions on Labour Mobility B. Hamilton and J. Whalley Competition Policy and the Global Trading System B. Hoekman Linking Negotiations on Trade and Foreign Direct Investment R. McCulloch and R. F. Owen Patents and Pharmaceutical Drugs: Understanding the Pressures on Developing Countries J. Nogues National Sovereignty and the World Trade Organization D. Palmeter 300

12 12. Regulatory Protectionism and the Law of International Trade A. 0. Sykes ' The Policy Harmonization Debate: What Can Developing Countries Gain from Multilateral Negotiations? D. Tussie Trouble for Us and Trouble for Them: Social Regulations as Trade Barriers D. Vogel Globalization, Labor Markets and Policy Backlash in the Past J. G. Williamson 399

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