CiNii Books - Trade in the 21st century : back to the past?

Despite troubled trade negotiations, global trade and trade policy will thrive in the twenty-first century, but with a bow to the past. Is the multilateral trading order of the twentieth century a historical artifact? Was the creation of the World Trade Organization in 1995 the high point of multilateral cooperation on trade? This new volume, edited by Bernard M. Hoekman and Ernesto Zedillo, assesses the relevance of the WTO in the context of the rise of China and the United States' turn toward unilateral protectionism. The contributors adopt a historical perspective to discuss changes in global trade policy trends, adducing lessons from the past to help understand current trade tensions. Topics include responses to U.S. protectionism under the Trump administration, the policy dimensions of trade in services and the rise of the digital economy, how to strengthen the WTO to better negotiate new rules of the game and adjudicate disputes, managing China's integration into the global trade system, and the implications of global value chains for economic development policies. By reflecting on past episodes of protectionism and how they were resolved, Trade in the 21st Century provides both context and guidance on how trade challenges can be addressed in the coming decades.

Table of Contents

Preface: A Tribute to Patrick Messerlin Introduction: The International Trading System in Prostration, Courtesy of the United States Bernard Hoekman and Ernesto Zedillo Part I: Trade Policy Trends and Developments 1. The Pre-Trump Buildup of Trade Discrimination: Scale, Drivers, and Effect - Simon Evenett 2. Antidumping and Market Competition: Implications for Emerging Economies - Chad P. Bown 3. The Trade Policy of the United States under the Trump Administration - Craig Vangrasstek 4. China and the World Trading System: Will "In and Up" Be Replaced by "Down and Out"? - L. Alan Winters 5. Trade Wars: Nobody Expects the Spanish Inquisition - Eddy Bekkers, Joseph Francois, Douglas Nelson, and Hugo Rojas-Romagosa 6. "We Can Also Do Stupid": The EU Response to "America First" Protectionism - Simon Evenett 7. Burning Down the House? The Appellate Body at the Center of the WTO Crisis - Bernard Hoekman and Petros C. Mavroidis Part II: Challenges for Multilateral Cooperation 8. The Agricultural Challenge in the Twenty-First Century - Anne O. Krueger 9. Subsidies, Spillovers, and Multilateral Cooperation - Bernard Hoekman and Douglas Nelson 10. Disentangling Data Flows: Inside and Outside the Multinational Company - Erik Van Der Marel 11. What Can Be Done to Blunt Potential Conflict between Climate Change and Trade Policies? - Patrick Low 12. Regional Trade Agreements and Trade Costs in Services - Sebastien Miroudot and Ben Shepherd Part III: Economic Development and the Trading System 13. From Global Value Chains to Global Development Chains: Changing Paradigms - Olivier Cattaneo and Sebastien Miroudot 14. The Aid for Trade Initiative: A WTO Attempt at Coherence - Jean-Jacques Hallaert 15. Bananas, Subject of the Longest Transatlantic Dispute in the World Trading System: A Postmortem - Jaime De Melo 16. Unilateral Liberalization within the GATT/WTO System - Joseph Michael Finger Appendix: Selected Publications by Patrick Messerlin Contributors Index

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Trade in the 21st century : back to the past?

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