000 02137cam a22003137 4500
001 w24344
003 NBER
005 20211020104625.0
006 m o d
007 cr cnu||||||||
008 210910s2018 mau fo 000 0 eng d
100 1 _aRodrik, Dani.
_919546
245 1 0 _aWhat Do Trade Agreements Really Do? /
_cDani Rodrik.
260 _aCambridge, Mass.
_bNational Bureau of Economic Research
_c2018.
300 _a1 online resource:
_billustrations (black and white);
490 1 _aNBER working paper series
_vno. w24344
500 _aFebruary 2018.
520 3 _aAs trade agreements have evolved and gone beyond import tariffs and quotas into regulatory rules and harmonization, they have become more difficult to fit into received economic theory. Nevertheless, most economists continue to regard trade agreements such as the Trans Pacific Partnership (TPP) favorably. The default view seems to be that these arrangements get us closer to free trade by reducing transaction costs associated with regulatory differences or explicit protectionism. An alternative perspective is that trade agreements are the result of rent-seeking, self-interested behavior on the part of politically well-connected firms - international banks, pharmaceutical companies, multinational firms. They may result in freer, mutually beneficial trade, through exchange of market access. But they are as likely to produce purely redistributive outcomes under the guise of "freer trade."
530 _aHardcopy version available to institutional subscribers
538 _aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538 _aMode of access: World Wide Web.
588 0 _aPrint version record
690 7 _aF13 - Trade Policy • International Trade Organizations
_2Journal of Economic Literature class.
710 2 _aNational Bureau of Economic Research.
830 0 _aWorking Paper Series (National Bureau of Economic Research)
_vno. w24344.
856 4 0 _uhttps://www.nber.org/papers/w24344
856 _yAcceso en lĂ­nea al DOI
_uhttp://dx.doi.org/10.3386/w24344
942 _2ddc
_cW-PAPER
999 _c323778
_d282340