Global Market Integration and National Sovereignty

23 Pages Posted: 15 Aug 2006

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

In this paper, we first trace the evolution of the global trading system from the nineteenth century to the present-day GATT/WTO arrangements, calling attention to the key roles of reciprocity and non-discrimination, and we note how the system is now challenged by the new paradigm of global market integration. We then consider the recent plethora of free trade agreements (FTAs), including those between industrial and developing countries, and their uneasy relationship with a multilateral system based on non-discrimination. Thereafter, we seek to identify the boundaries of the WTO and examine how the potential expansion of these boundaries may result in the over-extension and weakening of the effectiveness and influence of the WTO.

Suggested Citation

Brown, Andrew G. and Stern, Robert M., Global Market Integration and National Sovereignty. The World Economy, Vol. 29, No. 3, pp. 257-279, March 2006, Available at SSRN: https://ssrn.com/abstract=924285 or http://dx.doi.org/10.1111/j.1467-9701.2006.00782.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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