Reevaluating the role of trade agreements does investment globalization make the WTO obsolete? ; Presented at CESifo Area Conference on Global Economy, April 2006

This paper demonstrates that international ownership can mitigate the terms of trade externalities that lead large countries to set inefficiently high tariffs, and may thereby substitute for negotiated tariff liberalization in eliminating the strategic manipulation of world prices. The policy predic...

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1. Verfasser: Blanchard, Emily J. (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: Munich Univ., Center for Economic Studies u.a. 2006
Schriftenreihe:CESifo working paper series Trade policy 1735
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