The new regionalism: trade liberalization or insurance?

Trade Liberalization in the Americas: Are Regionalism and Globalization Compatible?

“Trade Liberalization and Institutional Constraints on Moves to Protectionism: Multilateralism vs. Regionalism.”

In this paper, two key questions are asked: why has the GATT/WTO worked in terms of multilateral tariff reduction and promotion of global trade, and to what extent will it act as a constraint on economic nationalism? To answer these two questions, three themes are laid out in the paper: first, the seminal economic model rationalizing the economic logic of the GATT/WTO is assessed; second, the p...

Preferential Trade Liberalization: The Traditional Theory and New Developments

Preferential Trade Liberalization:

Trade Liberalization and Employment

This paper reviews both multi-country and country studies on the impact of trade liberalization on growth and employment in developing countries. These studies reveal sharply contrasting effects of trade liberalization on employment, suggesting that country-specifi c and contingent factors are important. In particular, differences in how trade liberalization is implemented are particularly impo...