Non-economic objectives, globalisation and multilateral trade cooperation
London : Centre for Economic Policy Research, 2023
HOEKMAN, Bernard M., MAVROIDIS, Petros C., NELSON, Douglas, Non-economic objectives, globalisation and multilateral trade cooperation, London : Centre for Economic Policy Research, 2023 - https://hdl.handle.net/1814/75922
Retrieved from Cadmus, EUI Research Repository
Global trade and investment are increasingly affected by unilateral policies motivated by both economic and noneconomic objectives such as safeguarding national and economic security, combatting climate change, and promoting social values. Many of the associated interventions target the global value chains that have been a driver of globalisation. Taken together, the rise in unilateralism increases policy uncertainty and associated risk premia, distorts trade and investment decisions, and adversely affects prospects for developing countries to attain sustainable development goals. This new study summarises extant multilateral disciplines on use of trade policies motivated by noneconomic objectives, documents the rising use of such measures and presents pragmatic suggestions to sustain multilateral trade cooperation in a world characterised by rising geopolitical and geo-economic rivalry and existential threats.
Table of Contents:
-- 1. National security and other non‑economic objectives -- 2. Economic and non-economic objectives -- 3. The increasing use of trade policy for non-economic objectives -- 4. International disciplines on the use of trade for non-economic objectives -- 5. National security practice in the GATT period (1948-94) -- 6. National security in the post-1995 WTO era -- 7. Potential WTO reforms -- 8. Clubs -- 9. Conclusion -- Annexes
Cadmus permanent link: https://hdl.handle.net/1814/75922
Publisher: Centre for Economic Policy Research
Files associated with this item
- 189926-non_economic_objectives ...
- Full text in Open-Access