Consumer Nationalism and Multilateral Trade Cooperation

Nationalism and International Trade: Theory and Evidence∗

Nationalism is important in shaping the politics of every country throughout the world, but the economic rationale underlying nationalism remains unclear. This paper provides a framework for analyzing nationalistic sentiments, including asserted supremacy of national interests, xenophobia, state sovereignty, and militarization. The level of nationalistic sentiments varies by the relative import...

Multilateral Trade Liberalization and Poverty Reduction

Geography, Competition, and Optimal Multilateral Trade Policy∗

How should multilateral trade policy be designed in a world in which countries differ in terms of market access and technology, and firms with market power differ in terms of productivity? We answer this question in a model of monopolistic competition in which variable markups increasing in firm size are a key source of misallocation across firms and countries. We use ‘disadvantaged’ to refer t...

Architecting High-Security Systems for Multilateral Cooperation

Regional Trade Agreements in a Multilateral Trade Regime: An Overview

One of the most striking development in the world trading system since the mid 1990s is a surge in Regional Trade Agreements (RTAs). From about 50 till 1990, the number of RTAs notified to the World Trade Organization (WTO) has crossed 250 in 2003 and estimates indicate that over 300 RTAs will be in effect by 2007. Initially WTO encouraged the growth of RTAs because it believed that regional in...