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Author : Patrick Low,Richard Baldwin
Publisher : Cambridge University Press
Page : 743 pages
File Size : 44,7 Mb
Release : 2009-02-19
Category : Business & Economics
ISBN : 9780521506014
A collection of revised papers from the 'Multilateralizing Regionalism' conference, held at the WTO in September 2007.
Author : Richard Baldwin
Publisher : Unknown
Page : 742 pages
File Size : 47,7 Mb
Release : 2009
Category : Electronic
ISBN : 9287046662
Regional trade agreements (RTAs) have proliferated around the world in the past two decades, and now nearly all members of the WTO are party to at least one. Besides tariffs and rules of origin regulating trade in goods, many RTAs now include provisions on services, investments, technical barriers to trade and competition rules, as well as a host of issues not directly related to trade. The geographic reach of RTAs is expanding, with transcontinental agreements spreading forcefully alongside intra-regional agreements. 'Multilateralizing Regionalism' was the title of a major conference held from 10-12 September 2007 at the WTO in Geneva. Brought together in this publication, the conference papers achieve two things. First, they marshall detailed, new empirical work on the nature of the 'Spaghetti Bowl' and the problems it poses for the multilateral trade system. Second, they contribute fresh and creative thinking on how to 'tame the tangle' of regional trade agreements.
Author : Patrick Low,Richard E. Baldwin
Publisher : Unknown
Page : 743 pages
File Size : 50,8 Mb
Release : 2014-05-14
Category : BUSINESS & ECONOMICS
ISBN : 1139190180
A collection of revised papers from the 'Multilateralizing Regionalism' conference, held at the WTO in September 2007.
Author : Oliver Gätgens
Publisher : GRIN Verlag
Page : 46 pages
File Size : 40,5 Mb
Release : 2012-08-21
Category : Business & Economics
ISBN : 9783656260806
Seminar paper from the year 2011 in the subject Economics - Micro-economics, grade: 2,0, Christian-Albrechts-University of Kiel (Institut für Volkswirtschaftslehre), course: Economics of European Integration, language: English, abstract: In chapter two we saw three main effects of trade liberalization: Juggernaut, domino and race to the bottom. The multilateral Juggernaut effect uses the principle of reciprocity to explain that a final tariff of zero is possible when all goods are traded and negotiation is held long enough. Domino effects on a regional base occur, when countries find it political optimal to lower the tariffs which they earlier found to be protect worthy. An early participation in the RTA prohibits from losing connection in inter-national manufacturing diversion. Domino hereby means that outsider want to join, when other countries previously joined. This leads to the basic assumption: Be the first and be the biggest company to gain cost advantages. Smaller companies will exit through import com-petitors. Unilateral race to the bottom tariff cutting is relevant to Asia and is motivated by the wish to participate from out sourced workload of devel-oped countries...
Author : Richard E. Baldwin,Phil Thornton
Publisher : Centre for Economic Policy Research
Page : 88 pages
File Size : 43,6 Mb
Release : 2008
Category : International trade
ISBN : UOM:39015082734875
"This book is based on a 10-13 September 2007 conference in Geneva that was jointly organized by the Graduate Institute of International Studies, Geneva, and the WTO Secretariat with the help of CEPR."--Acknowledgements.
Author : Shintaro Hamanaka
Publisher : World Scientific
Page : 300 pages
File Size : 49,8 Mb
Release : 2014-01-13
Category : Business & Economics
ISBN : 9789814460422
It is an appropriate time to rethink the relationship between trade regionalism and multilateralism in the Asian context as we witness the proliferation of free trade agreements (FTAs) in Asia. In the 1980s and 1990s, many scholars and policymakers believed that Asian integration was market-based, rather than legal-based, and that Asian integration would never be codified through agreements. Yet today, there are a large number of FTAs signed and under negotiation in Asia. This book investigates the appropriate relationship between regionalism and multilateralism, with a special reference to recent FTAs in Asia. It is undeniable that past trade multilateralism–regionalism debates centered on the trade-in-goods aspect. However, the majority of recent FTAs in Asia cover issues beyond trade-in-goods and tariff liberalization, such as trade facilitation, services, and economic cooperation. While the General Agreement on Tariffs and Trade (GATT) Article XXIV governs regional integration initiatives in trade in goods, there is no (or at most a thin) World Trade Organization (WTO) Agreement that stipulates the relationship between regionalism and multilateralism in issue areas other than goods. Thus, this study carefully considers the meaning of “WTO-compatible FTAs” by distinguishing “WTO consistency” and “WTO friendliness”, going beyond GATT Article XXIV debates and proposes a general framework for examining the openness of regionalism in various issue areas by identifying tree-type questions to distinguish several types of exclusiveness. It then specifically asks the following questions: Can Asian FTAs that cover several issues be considered multilateralism friendly? How does the relationship between regionalism and multilateralism differ between trade-in-goods and non-goods issue areas? What are policies that might reduce the exclusiveness of regional initiatives? The study concludes by listing counterintuitive policy suggestions to make FTAs truly WTO compatible. The book also includes a comprehensive list of FTAs in Asia and several WTO Agreements relating to trade regionalism. Contents:Introduction: Conceptualizing the WTO Compatibility of FTAsAnalytical Framework for WTO Friendliness of FTAs: How to Check If They are Real “Friends” of WTO?Free Trade Agreements in Goods: Is Trade Bilateralism in Asia Consistent with WTO Rules and Norms?Regional Approaches to Trade Facilitation: Are Regional Trade Facilitation Measures Discriminatory Against Non-Members?Regional Services Agreements: What is the Value of GATS-Plus Regional Services Commitments?Economic Cooperation Under FTAs: Do FTAs Impose WTO-Plus Technical Assistance Obligations on Members?Conclusion: Counter-Intuitive Policy Implications for WTO-Compatible FTAs Readership: Researchers, professionals, undergraduate and graduate students interested in Free Trade Agreements, World Trade Organization, Regionalism, Trade in Services and Trade Facilitation. Keywords:Free Trade Agreement (FTA);World Trade Organization (WTO);Regionalism;Trade in Services;Trade FacilitationKey Features:Chapters first present the methodology relevant to analyze FTA's WTO compatibility in a particular area and then present case studies of Asian FTAs to examine their WTO compatibility, which is followed by the policy discussions on how to make FTAs more WTO-friendlyThe book is interdisciplinary covering economics, political science and international economic lawAuthored by ADB Economist specializing in FTA issues, the book provides readers with theoretically sound and empirically rich discussion on FTAs. The author knows both theory and practice of FTAs and WTO (served as negotiator at the Japanese Mission to the WTO; involved in the regional economic integration issues at the Office of Regional Economic Integration at ADB)Reviews: “Shintaro Hamanaka has written an interesting and important book on Asian Free Trade Agreements and WTO Compatibility. The first major contribution is to distinguish between the narrowly legal concept of WTO-consistency and the broader concept of WTO-friendliness. That distinction underpins the book's analysis, in which Hamanaka identifies examples of agreements that are WTO-consistent but not in the spirit of the WTO or likely to promote future multilateralism; as he points out, non-violation of rules is not the same as harmony. The book's second major contribution is in-depth analysis of 21st. Century trade agreements in Asia, covered in four substantive chapters on trade in goods, trade facilitation, services agreements, and economic cooperation. The author's detailed knowledge of more than a hundred agreements is used to support analysis in which the big picture is kept impressively in focus.” Prof. Richard Pomfret University of Adelaide
Author : Christopher M. Dent,Jörn Dosch
Publisher : Edward Elgar Publishing
Page : 304 pages
File Size : 51,8 Mb
Release : 2012-01-01
Category : Political Science
ISBN : 9781781004470
'Dent and Dosch have put together a superb volume that explores new dimensions of the world events for the past five decades and take decrypting the processes of regionalism, global system, and world society to a new height. The contributors have enhanced our understanding of how regionalism has been changing, when a world society will be created, and why East Asia's centrality matters in this unfolding drama. Policymakers, academics, and mass media opinion makers will find the book useful, provocative, and refreshing.' – Eul-Soo Pang, Institute of Southeast Asian Studies, Singapore Ever since the Asia-Pacific transformed from an 'institutional desert' into one of the most networked areas in the world, questions of the region's future and the future of the global system have become closely intertwined. This volume explores the key issues of regional co-operation, economic and political integration, security relations and international affairs within and across the Asia-Pacific. The expert contributors shed critical light on how significant developments are impacting on the global system. In particular, they consider emerging forms of global governance, and how the Asia-Pacific as a region, individual countries such as China, Japan, South Korea and the US, and regional organisations and forums like APEC are shaping the world. Uniquely, the discussion is not limited to East Asia but also takes Latin America prominently into the equation. This timely book will prove to be a stimulating read for academics, students, researchers and policymakers with an interest in Asian studies, development and agriculture, economics, international studies.
Author : Thomas Cottier,Panagiotis Delimatsis
Publisher : Cambridge University Press
Page : 535 pages
File Size : 47,5 Mb
Release : 2011-04-14
Category : Law
ISBN : 9781139501255
For a long time, the GATT led a life of its own as a self-contained regime. The evolution from tariff to non-tariff barriers brought about increasing overlaps with other regulatory areas. WTO rules increasingly interface with other areas of law and policy, including environmental protection, agricultural policies, labour standards, investment, human rights and regional integration. Against this backdrop, this book examines fragmentation in international trade regulation across a wide array of regulatory fields. To this end, it uses a conceptually coherent theoretical framework which is based on the effort to bring about greater coherence among different policy goals and fields, and thus to embed the multilateral trading system within the broader framework of international economics, law and relations. It will appeal to those interested in a forward-looking discussion of the most pressing issues of the international trade agenda.
Author : Owais Hasan Khan
Publisher : Springer Nature
Page : 221 pages
File Size : 42,6 Mb
Release : 2021-03-05
Category : Law
ISBN : 9789813367777
This book brings forth the philosophical, conceptual and practical contours of the trade regionalism provisions under the GATT/WTO. It analyses SAARC as the regional integration organisation of South Asia along with identifying major challenges and bottlenecks faced by it in the process of achieving regional integration. It presents ways and methods through which SAARC can be made a more effective regional organisation. The book predominantly focuses on trade regionalism. However, other areas of integration which have impacts on the trade regionalism are also examined like social and political integrations etc. The book takes off from the premise that trade regionalism under SAARC has failed and has been marred by political and security concerns among its member nations. It has failed to achieve its objective on all the three counts, which are promoting peace, development and economic cooperation. However, with the developing countries as members, SAARC has great potential for trade integration. Certain structural, normative and organisation alteration along with favourable ideation can still make SAARC achieve its full potential. The book also deals with the comparative analysis of SAARC regional integration with the regional integration under European Union and ASEAN. Regarding comparative regionalism, the discussion has been confined only to the EU and ASEAN. The EU has been chosen because it is comparatively established as one of the most successful regional organisations in the contemporary world. Whereas, ASEAN has been chosen because of its similarity to the SAARC’s economy, society and political structure. The analysis presented in the book is from the perspectives of international law and international relations’ theories and practise. This book thus is of particular relevance to the students, researchers, academicians, policymakers and practitioners of international trade law, international relations and South Asian studies.
Author : Julien Chaisse,Philippe Gugler
Publisher : Routledge
Page : 305 pages
File Size : 40,5 Mb
Release : 2009-05-22
Category : Business & Economics
ISBN : 9781134008445
Foreign direct investment flows have increased dramatically in recent decades and continue to be a driving factor of economic globalisation. As a growth pole in the world economy, large parts of Asia have particularly become an attractive place for market-seeking FDI. In a high number of Asian countries FDI restrictions have been reduced, leading to accelerated technological exchange and globally integrated production and marketing networks. Overall, this has positively benefited the emerging countries that have opened their doors to FDI. Expansion of Trade and FDI in Asia explores the trends of present FDI in Asia and their effects on multilateral regulation of FDI. It reviews the increasing attraction of FDI and the rise of Asian transnational corporations (TNCs) from an economic perspective. It also investigates the legal side of the development, in particular the changes in bilateral and regional FDI regulation, and the lessons that could be learned for International Investment Agreements (IIAs) and the constitution of trading blocs. This book will be of interest to postgraduates and academics interested in Asian studies, Asian economics and international economics.
Author : Masahiro Kawai,Jong-Wha Lee,Peter A. Petri
Publisher : Edward Elgar Publishing
Page : 541 pages
File Size : 48,8 Mb
Release : 2010-01-01
Category : Political Science
ISBN : 9781849806886
The structure and policy architecture of the world economy, as it emerges from the historic challenges now underway, will be affected by the dramatic rise of Asian economies and deepening connections among them. This important book examines the dramatic transformation of the Asian economy, the challenges it faces, emerging regional solutions, and how Asia can play a more constructive role in the global economy. Asia is becoming not just the world's factory, but also its leading creditor, and one of its key sources of dynamism and stability. Key questions are identified and addressed in three areas: Asia's growth and productivity, financial stability, and regional economic integration. In each of these areas, the contributing authors evaluate current trends and the forces shaping the future. They consider whether the regions progress is sustainable and what it will take to make it so. How is Asia reshaping its economy in response to the changing global landscape? More urgently, how can Asia weather the severe, global financial and economic stormoriginating from the global credit crisis? How will it extend its gains to people left behind? And how can it contribute to better governance and greater prosperity in the world economy? This book covers new ground by connecting theory, assembling detailed evidence on trends and challenges, and offering forwardlooking policy prescriptions. This timely book will appeal to Asian economic policymakers as well as postgraduate students interested in Asian economics, international economics and regional integration. Staff of international and regional organizations interested in Asian economics will also find this book invaluable.
Author : Ulrich Volz
Publisher : Edward Elgar Publishing
Page : 393 pages
File Size : 43,5 Mb
Release : 2011
Category : Political Science
ISBN : 9781849809153
This book explores a central issue of the world economy today: the role of regional integration for economic development and global governance. The importance of this issue comes from the fact that the globalisation process that we have been experiencing in recent decades is also a process of open regionalism. [¿] To what extent does this process contribute to development? The reader will find many interesting answers to this question in the book, [which] is an outstanding contribution to this debate. I welcome its publication and look forward to its influence on global debates on the relations between regional integration, development and global governance.' - From the foreword by José Antonio Ocampo, Columbia University, US The contributors expertly provide a comparative perspective on regional integration in different regions of the world while at the same time analysing the various facets of integration, relating to trade, FDI, finance and monetary policies. They provide a comprehensive treatment of the subject and offer new perspectives on the potential developmental effects of regional integration and the implications of regional integration for global economic governance. Whilst highlighting and illustrating the potential benefits deriving from regional economic integration, the book also stresses the problems and challenges regional integration processes are usually confronted with.
Author : Julien Chaisse,Philippe Gugler
Publisher : Routledge
Page : 304 pages
File Size : 55,5 Mb
Release : 2009-05-22
Category : Political Science
ISBN : 9781134008438
Foreign direct investment flows have increased dramatically in recent decades and continue to be a driving factor of economic globalisation. As a growth pole in the world economy, large parts of Asia have particularly become an attractive place for market-seeking FDI. In a high number of Asian countries FDI restrictions have been reduced, leading to accelerated technological exchange and globally integrated production and marketing networks. Overall, this has positively benefited the emerging countries that have opened their doors to FDI. Expansion of Trade and FDI in Asia explores the trends of present FDI in Asia and their effects on multilateral regulation of FDI. It reviews the increasing attraction of FDI and the rise of Asian transnational corporations (TNCs) from an economic perspective. It also investigates the legal side of the development, in particular the changes in bilateral and regional FDI regulation, and the lessons that could be learned for International Investment Agreements (IIAs) and the constitution of trading blocs. This book will be of interest to postgraduates and academics interested in Asian studies, Asian economics and international economics.
Author : Meredith Kolsky Lewis,Junji Nakagawa,Rostam J. Neuwirth,Colin B. Picker,Peter-Tobias Stoll
Publisher : Springer Nature
Page : 296 pages
File Size : 50,6 Mb
Release : 2020-06-16
Category : Law
ISBN : 9783030454289
This book provides readers with a unique opportunity to explore how the international economic legal order (IELO) may look in a post-WTO world. The substance of this book presupposes (whether correct or not) that the WTO either: (a) Stagnates into the foreseeable future (Doha withers, no new Rounds, at best minor amendments, little new jurisprudence, effective collapse of the DSB); or (b) Falls apart completely. While neither is desirable, the book underlines that it must be conceded that neither is inconceivable. The collapse of the Soviet Union tells us that anything is possible (in 1986 no one foresaw the end of the Cold War - clearly it was a much more significant event than would be the case for the demise of the WTO and the current international economic legal order (IELO)). Similarly, just a year or two before Brexit or the election of US President Donald Trump, no one foresaw those two eventualities. Consequently, a worst-case scenario for the future of the WTO cannot be ignored – rather, it must be explored, as has been done in this book. Indeed, despite most IEL academics’ commitment to multilateralism and specifically to a vibrant and dynamic WTO, academics in the field are now beginning to seriously discuss what a post-WTO world could look like (and it was the project behind this book that first launched those discussions). Accordingly, this examination of the post-WTO world will be of great value to practitioners, governmental and international officials and scholars in the IELO. This is particularly so in an era of increasingly rapid change, during which legal scholarship must also address the future if it wants to contribute creative solutions to the resolution and management of the many serious contemporary problems facing our field.
Author : Mohammad F. A. Nsour
Publisher : Sidestone Press
Page : 378 pages
File Size : 52,7 Mb
Release : 2010
Category : History
ISBN : 9789088900365
Regional Trade Agreements (RTAs) have proliferated at an unprecedented pace since the creation of the World Trade Organization (WTO). Although the WTO legally recognizes countries' entitlement to form RTAs, neither the WTO nor parties to RTAs have an unequivocal understanding of the relationship between the WTO and RTAs. In other words, the legal controversies, the result of uncertainty regarding the application of the WTO/GATT laws, risk undermining the objectives of the multilateral trade system. This research tackles a phenomenon that is widely believed to be heavily economic and political. It highlights the economic and political aspects of regionalism, but largely concentrates on the legal dimension of regionalism. The main argument of the book is that the first step to achieving harmony between multilateralism and regionalism is the identification of the legal uncertainties that regionalism produces when countries form RTAs without taking into account the substantive and procedural aspect of the applicable WTO/ GATT laws. The book calls for the creation of a legal instrument (i.e. agreement on RTAs) that combines all of the applicable law on RTAs, and simultaneously clarifies the legal language used therein. Likewise, the WTO should have a proactive role, not merely as a coordinator of RTAs, but as a watchdog for the multilateral system that has the power to prosecute violating RTAs. The author is aware that political concerns are top priorities for governments and policy makers when dealing with the regionalism problematic. Hence, legal solutions or proposals are not sufficient to create a better international trade system without the good will of the WTO Members who are, in fact, the players who are striving to craft more regional trade arrangements.