Going Alone ：The Case for Relaxed Reciprocity in Freeing Trade

Publication subTitle ：The Case for Relaxed Reciprocity in Freeing Trade

Author： Bhagwati   Jagdish N.  

Publisher： MIT Press‎

Publication year： 2003

E-ISBN: 9780262268455

P-ISBN(Paperback): 9780262513760

Subject： F831.0 政策

Keyword： BUSINESS & ECONOMICS / Finance / General

Language： ENG

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Going Alone

Description

Since the end of World War II, the freeing of trade has been most visible in reciprocal liberalization agreements negotiated under the General Agreement on Tariffs and Trade, or GATT, and through increasing bilateral and plurilateral agreements. There has also, however, been a significant, if less visible, unilateral freeing of trade by several nations.This book, based on a research project directed by Jagdish Bhagwati, examines the experiences with such unilateral trade liberalization. Part 1 considers historical experiences, following Britain's unilateral embrace of free trade. Part 2 discusses recent examples, and Part 3 discusses unilateral liberalization in specific sectors. The substantive introduction provides a synthesis of the findings as well as theoretical support. It argues that although unilateral freeing of trade is generally less beneficial than reciprocity, it can trigger "sequential" reciprocity through example or by encouraging lobbies abroad to favor trade expansion.

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