Free Trade Agreements and Governance of the Global Trading System

24 Pages Posted: 21 Mar 2011

See all articles by Andrew G. Brown

Andrew G. Brown

Wellfleet Chamber of Commerce

Robert M. Stern

University of Michigan at Ann Arbor - Department of Economics

Abstract

This article 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.

Suggested Citation

Brown, Andrew G. and Stern, Robert M., Free Trade Agreements and Governance of the Global Trading System. The World Economy, Vol. 34, No. 3, pp. 331-354, 2011, Available at SSRN: https://ssrn.com/abstract=1790175 or http://dx.doi.org/10.1111/j.1467-9701.2011.01333.x

Andrew G. Brown

Wellfleet Chamber of Commerce

Wellfleet, MA
United States

Robert M. Stern (Contact Author)

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

611 Tappan Street
Ann Arbor, MI 48109-1220
United States
313-764-2373 (Phone)
313-763-9181 (Fax)

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