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The Clash of Liberalizations: Preferential Versus Multilateral Trade Liberalization in the European Union.

The Clash of Liberalizations: Preferential Versus Multilateral Trade Liberalization in the European Union. PDF Author: Nuno Limão, Baybars Karacaovali
Publisher: World Bank Publications
ISBN:
Category : Free trade
Languages : en
Pages : 56

Book Description
Abstract: "There has been an explosion in the number of preferential trade agreements in the past decade. Preferential trade agreements are characterized by liberalization with respect to only a few partners and thus they can potentially clash with and retard multilateral trade liberalization. Despite this important concern with preferential trade agreements, there is almost no systematic evidence on whether they actually affect multilateral trade liberalization. Karacaovali and Limô model the effect of preferential trade agreements on multilateral trade liberalization and show that preferential trade agreements slow down multilateral trade liberalization unless they have a common external tariff and allow for internal transfers. Next, they use detailed data on product-level tariffs negotiated by the European Union in the past two multilateral trade rounds to structurally estimate their model. The authors confirm the main prediction--the European Union's preferential trade agreements have clashed with its multilateral trade liberalization--and find that the effect is quantitatively significant. Moreover, they also confirm several auxiliary predictions of the model and provide new evidence on the political economy determinants of multilateral liberalization in the European Union. This paper--a product of the Trade Team, Development Research Group--is part of a larger effort in the group to understand the interaction between preferential and multilateral liberalization"--World Bank web site.

The Clash of Liberalizations: Preferential Versus Multilateral Trade Liberalization in the European Union.

The Clash of Liberalizations: Preferential Versus Multilateral Trade Liberalization in the European Union. PDF Author: Nuno Limão, Baybars Karacaovali
Publisher: World Bank Publications
ISBN:
Category : Free trade
Languages : en
Pages : 56

Book Description
Abstract: "There has been an explosion in the number of preferential trade agreements in the past decade. Preferential trade agreements are characterized by liberalization with respect to only a few partners and thus they can potentially clash with and retard multilateral trade liberalization. Despite this important concern with preferential trade agreements, there is almost no systematic evidence on whether they actually affect multilateral trade liberalization. Karacaovali and Limô model the effect of preferential trade agreements on multilateral trade liberalization and show that preferential trade agreements slow down multilateral trade liberalization unless they have a common external tariff and allow for internal transfers. Next, they use detailed data on product-level tariffs negotiated by the European Union in the past two multilateral trade rounds to structurally estimate their model. The authors confirm the main prediction--the European Union's preferential trade agreements have clashed with its multilateral trade liberalization--and find that the effect is quantitatively significant. Moreover, they also confirm several auxiliary predictions of the model and provide new evidence on the political economy determinants of multilateral liberalization in the European Union. This paper--a product of the Trade Team, Development Research Group--is part of a larger effort in the group to understand the interaction between preferential and multilateral liberalization"--World Bank web site.

The Clash of Liberalizations

The Clash of Liberalizations PDF Author: Baybars Karacaovali
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description
There has been an explosion in the number of preferential trade agreements in the past decade. Preferential trade agreements are characterized by liberalization with respect to only a few partners and thus they can potentially clash with and retard multilateral trade liberalization. Despite this important concern with preferential trade agreements, there is almost no systematic evidence on whether they actually affect multilateral trade liberalization. The authors model the effect of preferential trade agreements on multilateral trade liberalization and show that preferential trade agreements slow down multilateral trade liberalization unless they have a common external tariff and allow for internal transfers. Next, they use detailed data on product-level tariffs negotiated by the European Union in the past two multilateral trade rounds to structurally estimate their model. The authors confirm the main prediction-the European Union's preferential trade agreements have clashed with its multilateral trade liberalization--and find that the effect is quantitatively significant. Moreover, they also confirm several auxiliary predictions of the model and provide new evidence on the political economy determinants of multilateral liberalization in the European Union.

From Trade Liberalization to Economic Integration

From Trade Liberalization to Economic Integration PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description


The Clash of Libaralizations

The Clash of Libaralizations PDF Author: Baybars Karacaovali
Publisher:
ISBN:
Category :
Languages : en
Pages : 30

Book Description


The Clash of Globalizations

The Clash of Globalizations PDF Author: Kevin P. Gallagher
Publisher: Anthem Press
ISBN: 1783083425
Category : Political Science
Languages : en
Pages : 184

Book Description
Collecting and synthesizing a series of essays on the political economy of trade and development policy, this book explores the following research questions: to what extent is the global trading regime reducing the ability of nation-states to pursue policies for financial stability and economic growth; and what political factors explain such changes in policy space over time, across different types of trade treaties and across nations? Gallagher presents intriguing findings on the policy constraints on the Uruguay Round, as well as the significant restrictions that the USA places upon the ability of developing nations to deploy a range of development strategies for stability and growth. Analyzing the factors that have led to twenty-first-century trade politics being characterized by a “clash of globalizations,” this volume explores the role of economic power, institutional structure, domestic politics, currency fluctuations and ideas about globalization in effecting changes to global trade policies.

The Clash of Ideologies

The Clash of Ideologies PDF Author: Mark L. Haas
Publisher: Oxford University Press
ISBN: 0199939349
Category : Political Science
Languages : en
Pages : 321

Book Description
How do ideologies shape international relations in general and Middle Eastern countries' relations with the United States in particular? The Clash of Ideologies by Mark L. Haas explores this critical question. Haas's central claim is that leaders' ideological beliefs are likely to have profound effects on these individuals' perceptions of international threats. These threat perceptions, in turn, shape leaders' core security policies, including choices of allies and enemies and efforts to spread their ideological principles abroad as a key means of advancing their interests. Two variables are particularly important in this process: the degree of ideological differences dividing different groups of decision makers (?ideological distance?), and the number of prominent ideologies that are present in a particular system (?ideological polarity?). The argument is tested in four case studies of states' foreign policies, primarily since the end of the Cold War: Iran, Saudi Arabia, Syria, and Turkey. As the argument predicts, ideological differences in these cases were a key cause of international conflict and ideological similarities a source of cooperation. Moreover, different ideological groups in the same country at the same time often possessed very different understandings of their threat environments, and thus very different foreign policy preferences. These are findings that other prominent international relations theories, particularly realism, cannot explain. The purposes of the book go beyond advancing theoretical debates in the international relations literature. It also aims to provide policy guidance on key international security issues. These prescriptions are designed to advance America's interests in the Middle East in particular, namely how U.S. leaders should best respond to the ideological dynamics that exist in the region.

 PDF Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 55

Book Description


Clash of Regulatory Cultures in the EU

Clash of Regulatory Cultures in the EU PDF Author: Eberhard Bohne
Publisher:
ISBN:
Category :
Languages : en
Pages : 53

Book Description


China's Gilded Age

China's Gilded Age PDF Author: Yuen Yuen Ang
Publisher: Cambridge University Press
ISBN: 1108802389
Category : Political Science
Languages : en
Pages : 275

Book Description
Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all types of corruption hurt growth. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money. While the first three types impede growth, access money - elite exchanges of power and profit - cuts both ways: it stimulates investment and growth but produces serious risks for the economy and political system. Since market opening, corruption in China has evolved toward access money. Using a range of data sources, the author explains the evolution of Chinese corruption, how it differs from the West and other developing countries, and how Xi's anti-corruption campaign could affect growth and governance. In this formidable yet accessible book, Ang challenges one-dimensional measures of corruption. By unbundling the problem and adopting a comparative-historical lens, she reveals that the rise of capitalism was not accompanied by the eradication of corruption, but rather by its evolution from thuggery and theft to access money. In doing so, she changes the way we think about corruption and capitalism, not only in China but around the world.

Financial Liberalization and the Asian Crisis

Financial Liberalization and the Asian Crisis PDF Author: H. Chang
Publisher: Springer
ISBN: 0230518621
Category : Business & Economics
Languages : en
Pages : 307

Book Description
The financial crisis that hit a number of 'miracle' economies of Asia in 1997 shocked the world. Financial Liberalization and the Asian Crisis rejects conventional explanations of the crisis as the outcome primarily of inefficient and corrupt economics systems in the countries concerned. It argues that the crisis was the result of premature and overly rapid financial liberalization in a world of increasing financial liquidity and volatility, and calls for a more cautious approach to financial liberalization, and a reform of the international financial architecture.