In all likelihood, the WTO Ministerial this November will usher in a new Round of negotiations, the ninth in a series that began in Geneva in 1947. I am delighted that Mr. Moore has called on WTO members to provide more help to developing countries, and gone so far as to describe these negotiations as a “development round.” Today, I want to reinforce Mr. Moore’s call. I will argue that basic no...

The article discusses natural resource underpricing in multilateral subsidy rules’ negotiations. It starts from the U.S. experiences to consider foreign practices under its underdeveloped rules. United States then brought domestic concern Uruguay Round establishing World Trade Organization; however, conflicts had been shown between industrialist countries and resource-endowed ones regarding way...

Trade reformers have attempted to revamp antidumping (AD) procedures for many years, most recently in the Uruguay Round. Antidumping once again is on the multilateral trade reform agenda in the Doha Round. Evidence presented in this paper suggests that substantial, and perhaps even modest, AD reform is unlikely to occur. The principal reasons are two-fold. First, the growing list of countries t...

HE Uruguay Round negotiations included three ‘new’ agenda items trade-related intellectual property rights (TRIPs); trade-related investment measures (TRIMs); and services that had not been covered explicitly in previous GATT negotiations. While services issues have attracted a good deal of analytical attention, this is much less the case for TRIPs and TRIMs. In an effort to further the underst...

Agricultural trade policies in Korea and Japan drew much attention during the negotiations leading to the Uruguay Round Agreements on Agriculture (URAA). Before the UR the countries and others had been using non-tariff barriers and many other intervention measures in agriculture. Korea and Japan argued vigorously for maintaining their farm import barriers and subsidies. Throughout the negotiati...

a r t i c l e i n f o a b s t r a c t Are focal points important for determining the outcome of high-stakes negotiations? We investigate this question by examining the role that round numbers play as focal points in negotiations in the housing market. Using a large dataset on home transactions in the U.S., we document sharp spikes in the distribution of final negotiated house prices at round nu...