• DOI:10.1111/1468-0297.00334
Corpus ID: 56545840

Trading Preferentially: Theory and Policy

@article{Bhagwati1998TradingPT,
  title={Trading Preferentially: Theory and Policy},
  author={J. Bhagwati and D. Greenaway and A. Panagariya},
  journal={The Economic Journal},
  year={1998},
  volume={108},
  pages={1128-1148}
}

J. Bhagwati, D. Greenaway, A. Panagariya

Published 1998

Political Science

The Economic Journal

The best kind of economic theory has almost always reflected policy concerns, while informing policy in turn. This is particularly so when it comes to the theory of international trade, going back to Adam Smith's discovery of the demerits of mercantilism and his invention of economic science, both in The Wealth of Nations. The theory of preferential trading is no exception. The original burst of creative theorising about Preferential Trade Agreements (PTAs), associated with what Bhagwati (1991… CONTINUE READING

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