Free Trade Agreements and Governance of the Global Trading System

Goldman School of Public Policy Working Paper No. GSPP11-003

39 Pages Posted: 18 Mar 2011

See all articles by Andrew Brown

Andrew Brown

Independent

Robert M. Stern

University of Michigan at Ann Arbor - Department of Economics

Date Written: February 13, 2011

Abstract

This paper explores how far free trade agreements (FTAs) have strengthened or weakened global governance of the trading system. We open with an analysis of the altered political and economic context within which countries have come, in recent years, to assign a new importance to regional and bilateral trade agreements in their trade policies. We then consider each of the main provisions included in FTAs and comment on how these may separately affect the management of trade relations. We conclude with some observations of the broader trends affecting global governance that are associated with the spread of trade agreements as a whole.

Keywords: Global trading system, free trade agreements, WTO, management of trade relations

JEL Classification: F1, F10, F13

Suggested Citation

Brown, Andrew G. and Stern, Robert M., Free Trade Agreements and Governance of the Global Trading System (February 13, 2011). Goldman School of Public Policy Working Paper No. GSPP11-003, Available at SSRN: https://ssrn.com/abstract=1785607 or http://dx.doi.org/10.2139/ssrn.1785607

Andrew G. Brown

Independent ( email )

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Robert M. Stern (Contact Author)

University of Michigan at Ann Arbor - Department of Economics ( email )

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