• Corpus ID: 28543017

Why Should Trade Negotiators Negotiate About

@article{Krugman1997WhyST,
  title={Why Should Trade Negotiators Negotiate About},
  author={Paul R. Krugman},
  journal={Journal of Economic Literature},
  year={1997},
  volume={35},
  pages={113-120}
}
  • P. Krugman
  • Published 1997
  • Economics
  • Journal of Economic Literature
In recent years there have been growing demands to make trade liberalization contingent on adoption of common labor and environmental standards. The straightforward economic answer is that this makes little sense: neither the gains from trade nor the gains from appropriate regulation are compromised if other countries impose standards that are weaker than your own. It is possible to offer second-bet economic rationales for harmonization, but these are empirically unconvincing. The only serious… 
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One Reference

An Economic Theory of GATT

Despite the important roel played by GATT in the world economy, economist have nto developed a unified theoretical framework that interprets and evaluates the principles that form the foundation of…