The Political Economy of Deep Integration / Giovanni Maggi, Ralph Ossa.

Format:

Book

Author/Creator:

Maggi, Giovanni.

Contributor:

National Bureau of Economic Research.

Ossa, Ralph.

Series:

Working Paper Series (National Bureau of Economic Research) no. w28190.

NBER working paper series no. w28190

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2020.

Summary:

Modern trade agreements no longer emphasize basic trade liberalization but instead focus on international policy coordination in a much broader sense. In this paper we introduce the emerging literature on the political economy of such deep integration agreements. We organize our discussion around three main points. First, the political conflict surrounding trade agreements is moving beyond the classic antagonism of exporter interests who gain from trade and import-competing interests who lose from trade. Second, there is a more intense popular backlash against deep integration agreements than there was against shallow integration agreements. And third, the welfare economics of trade agreements have become more complex, in the sense that the insight that "free trade is good" is no longer sufficient as a guide to evaluating the efficiency of international agreements.

Notes:

Print version record

December 2020.