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Crimes & punishments? : retaliation under the WTO / Robert Z. Lawrence.
Lippincott Library HF1713 .L373 2003
Available
- Format:
- Book
- Author/Creator:
- Lawrence, Robert Z., 1949-
- Language:
- English
- Subjects (All):
- Tariff.
- Reciprocity (Commerce).
- Dispute resolution (Law).
- Foreign trade regulation.
- Competition, Imperfect.
- World Trade Organization.
- International economic relations.
- Commerce.
- United States--Commerce--European Union countries.
- United States.
- European Union countries--Commerce--United States.
- European Union countries.
- United States--Foreign economic relations--European Union countries.
- European Union countries--Foreign economic relations--United States.
- Physical Description:
- xiii, 108 pages ; 23 cm
- Other Title:
- Crimes and punishments
- Place of Publication:
- Washington, DC : Institute for International Economics, 2003.
- Summary:
- One of the unique aspects of the WTO as an international organization is that it authorizes members to retaliate against violations by raising tariffs. These authorizations have become increasingly common and increasingly controversial. In this analysis of the retaliation system, Robert Lawrence considers the guiding principles that govern responses to WTO violations, examines how these principles are implemented in practice, and considers options for reform.
- Contents:
- Flawed System? 4
- 2 Role of Remedies in the WTO System 13
- Preconditions 14
- The Reciprocity Paradigm 19
- WTO Dispute Settlement Remedies: A Deconstruction 30
- Agreement and Enforcement: Interdependent Arrangements 44
- 3 Practice Makes Imperfect 49
- Perceptions 49
- Circumstances 50
- Discretion 50
- Measurement Problems 52
- Divergent Opportunity Cost 52
- Divergent Political Impact 53
- Legal Interpretations: The Exception that Proves the Rule 54
- 4 Imperfect Practice in the US-EU Trading Relationship / Robert Z. Lawrence, Nathaniel Stankard 61
- The Only Game in Town 62
- Agriculture 66
- Health Standards 71
- Steel 73
- Tax Policy 74
- 5 Options for Change 79
- Eliminate Rebalancing 79
- Allow Only Compensatory Liberalization 80
- Enhance Penalties 81
- Fines 84
- Preauthorized Compensation: Contingent Liberalization Commitments 86
- Protection 91
- Compliance 92
- Sovereignty 93
- Equity 95
- Box 2.1 Settling disputes 27
- Box 2.2 Prisoner's dilemma in trade negotiations 34.
- Notes:
- "October 2003."
- Includes bibliographical references (pages 99-102) and index.
- ISBN:
- 0881323594
- OCLC:
- 52638621
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