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Essays On International Trade, Shenxi Song
Essays On International Trade, Shenxi Song
Dissertations and Theses Collection (Open Access)
Reciprocity is a key principle governing the negotiations under the GATT/WTO agreement, which calls for a balance of concessions among the WTO members. In recent years, however, various politicians across the world have voiced concerns about their country's excessive obligations under the WTO and a lack of reciprocation by their trading partners. The objective in the first chapter is to evaluate the degree to which the pattern of applied tariffs across WTO members deviates from a balanced-concession condition. To this end, we employ a quantitative trade model and use alternative definitions of reciprocity (based on market access or welfare) to …