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The Economics of WTO Rules on Subsidies and Countervailing Measures
This paper evaluates the WTO rules relating to subsidies and countervailing measures from a welfare economics perspective. It concludes that the rules relating to "nonviolation" subsidies, exportExpand
Protectionism As a Safeguard: A Positive Analysis of the GATT Escape Clause with Normative Speculations
The General Agreement on Tariffs and Trade (GATT) establishes a multilateral framework for the liberalization of international trade in goods. Under the auspices of GATT, signatories have reducedExpand
"Currency Manipulation" and World Trade
Central bank intervention in foreign exchange markets may, under some conditions, stimulate exports and retard imports. In the past few years, this issue has moved to center stage because of theExpand
The safeguards mess: a critique of WTO jurisprudence
  • A. Sykes
  • Economics, Materials Science
  • World Trade Review
  • 1 June 2003
The creation of the WTO revived the use of ‘safeguard’ measures to protect troubled industries against surges in import competition. Many of these measures have now been challenged in the WTO disputeExpand
International Trade, National Treatment, and Domestic Regulation
Existing formal models of the relationship between trade policy and regulatory policy suggest the potential for a regulatory race to the bottom. World Trade Organization (WTO) rules and disputes,Expand
Product Standards for Internationally Integrated Goods Markets
This work is part of the Integrating National Economies series. As global markets for goods, services and financial assets have become increasingly integrated, national governments no longer have asExpand
The Economics of Vicarious Liability
The Economic Structure of Renegotiation and Dispute Resolution in the World Trade Organization
The treaty creating the World Trade Organization (WTO) replaced the General Agreement on Tariffs and Trade (GATT) dispute resolution system, which contained no formal sanctions for breach ofExpand
The Questionable Case for Subsidies Regulation: A Comparative Perspective
“Subsidization” by member governments occurs in the U.S. Federal system, the WTO, and the European Union. These three legal systems have responded very differently to the issues raised by subsidies,Expand
Voting Rules in International Organizations
International organizations use a bewildering variety of voting rules — with different thresholds, weighting systems, veto points, and other rules that distribute influence unequally amongExpand