Multilateralism in Crisis

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Multilateralism is in Crisis [1]

There is a crisis in multilateralism.  No major new binding rules relating to international commerce have come into force in more than 20 years.  Demands by some nations for rules in new areas are not being met. The negotiations in the WTO of trade rules and the negotiations under the UN Framework Convention on Climate Change to devise rules restricting the annual emissions of greenhouse ga...

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Multilateralism versus Regionalism!?

The well-known question whether regional trade agreements (RTAs) and the multilateral trading system (MTS) are “strangers, friends, or foes” (Bhagwati and Panagariya, 1996) has gained new importance with the widespread proliferation of RTAs in recent years. Based on an extensive data set which covers most of world trade over the past 60 years and about 240 regional trade agreements, we analyze ...

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www.econstor.eu Multilateralism versus Regionalism!?

The well-known question whether regional trade agreements (RTAs) and the multilateral trading system (MTS) are “strangers, friends, or foes” (Bhagwati and Panagariya, 1996) has gained new importance with the widespread proliferation of RTAs in recent years. Based on an extensive data set which covers most of world trade over the past 60 years and about 240 regional trade agreements, we analyze ...

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Regionalism versus Multilateralism

1687 Do the forces that regional integration arrangements set up encourage or discourage a trend toward globally freer trade? We don't know yet. Summary findings The literature on regionalism versus multilateralism is growing as economists and political scientists grapple with the question of whether regional integration arrangements are good or bad for the multilateral system. Are regional int...

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Multilateralism, Bilateralism and Regime Design

Each member  ∈ [1 ] chooses her level of  ≥ 0 to maximize her utility  = √− P  6= −  a function that is twice-differentiable and concave. Assuming  ≥ 0 to be the Lagrangian parameters, the optimal level of   #   satisfies the necessary and sufficient first-order conditions  1 2 − 1 2  −  +  = 0 and the Kuhn-Tucker conditions  = 0 for any  ∈ [1  ], thus ...

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ژورنال

عنوان ژورنال: Proceedings of the ASIL Annual Meeting

سال: 2018

ISSN: 0272-5037,2169-1118

DOI: 10.1017/amp.2019.35