7. The World Trading System: The WTO, Trade Disputes, and Regional Agreements

2020 ◽  
pp. 257-314
Keyword(s):  
Trading System ◽  
Trade Disputes ◽  
The World ◽  
World Trading System ◽  
Regional Agreements

scholarly journals Arising of Trade Disputes among the G20: Evaluation of US-China Trade Relations in the Context of World Trading System

2019 ◽  
Vol 5 (1) ◽  
pp. 1
Author(s):  
Yagoub Elryah ◽  
Keyword(s):  
United States ◽  
Trade Policy ◽  
Global Financial Crisis ◽  
Large Body ◽  
The United States ◽  
Trading System ◽  
Trade Disputes ◽  
China Trade ◽  
The World ◽  
World Trading System

Trade policy among the G20 has emerged as one of the challenges the group faces during the last decade after the 2008 global financial crisis. This paper aims at analyzing the current trade disputes between China and the United States and the efforts the G20 has taken to settle these disputes. The fundamental questions this study attempts to answer are as follows: (1) what the US–China trade dispute means for the world trading system? (2) what the G20 can do to prevent destructive trade wars? We confront this view by critically examining a large body of evidence on the effects of trade policy on economically important outcomes. We begin with a discussion of the role of G20 in stabilizing world economy. We show the G20’s recent economic and trade development challenges and measurements of trade policy and identification of its causal effects. We present the trade balance between the United States and China. We also illustrate the efforts made by the G20 in promoting the development of China–US trade cooperation. Data were collected from different sources. Data are collected from the World Bank, the World Trade Organization (WTO) publications, and the G20 summits’ reports. The results show that the United States has a trade deficit with China, and the global growth would be notably curtailed as investment and consumer spending fall back. The G20 should focus on supporting the WTO, being upfront about the mixed effects of trade and investment, and improving G20 measures to tackle protectionism.

Non-Tariff Measures and the World Trading System

2016 ◽  
Author(s):  
Josh Ederington ◽  
Michele Ruta
Keyword(s):  
Trading System ◽  
The World ◽  
World Trading System

The Political Economy of the World Trading System: From GATT to WTO

1996 ◽  
Vol 75 (4) ◽  
pp. 140
Author(s):  
Richard N. Cooper ◽  
Bernard Hoekman ◽  
Michel Kostecki
Keyword(s):  
Political Economy ◽  
The Political ◽  
Trading System ◽  
The World ◽  
World Trading System

scholarly journals Will International Rules on Subsidies Disrupt the World Trading System?

2006 ◽  
Vol 96 (3) ◽  
pp. 877-895 ◽  
Author(s):  
Kyle Bagwell ◽  
Robert W Staiger
Keyword(s):  
Market Access ◽  
Formal Analysis ◽  
Trading System ◽  
Domestic Production ◽  
Multilateral Trading System ◽  
The World ◽  
World Trading System ◽  
The Creation ◽  
The Impact ◽  
The Multilateral Trading System

We provide a first formal analysis of the international rules that govern the use of subsidies to domestic production. Our analysis highlights the impact of the new subsidy disciplines that were added to GATT rules with the creation of the WTO. While GATT subsidy rules were typically viewed as weak and inadequate, our results suggest that the key changes introduced by the WTO subsidy rules may ultimately do more harm than good to the multilateral trading system by undermining the ability of tariff negotiations to serve as the mechanism for expanding market access to more efficient levels.

scholarly journals The Integration of Transition Economies into the World Trading System

1999 ◽  
Author(s):  
Constantine Michalopoulos
Keyword(s):  
Transition Economies ◽  
Trading System ◽  
The World ◽  
World Trading System
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