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Journal Article
Tokyo Round
Journal Article
Agriculture and the GATT: a time for change
Journal Article
Is GATT a good deal?
Journal Article
The benefits of GATT for the U.S. and world economies: a round table discussion by Dallas Fed Economists
Dallas Fed Economists discuss the GATT.
Journal Article
Agriculture and the GATT: the link to U.S. farm policy
Working Paper
Why are safeguards needed in a trade agreement?
This paper reviews the theoretical and empirical literature on the use of safeguards in a trade agreement. It then analyzes the available data on the use of safeguards by WTO members to examine two hypotheses in the economics literature, that safeguards improve welfare by facilitating tariff reductions and that safeguards improve welfare by providing insurance against adverse economic shocks. I find that countries which undertook larger tariff reductions during the Uruguay Round conducted more safeguards investigations after the WTO was established. However, this result is not robust across ...
Journal Article
Tokyo Round in Geneva
Journal Article
An introduction to the WTO and GATT
This article reviews the history of GATT and the WTO. It discusses the founding principles of the post-WW II world trading system--reciprocity and nondiscrimination. Lastly, the article reviews the economics literature on regional trade agreements and administered protection, two important exceptions to GATT's requirement in trade policy.
Journal Article
The new protectionism