East Asian Economic Review
- 제17권3호
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- Pages.243-260
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- 2013
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- 2508-1640(pISSN)
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- 2508-1667(eISSN)
DOI QR Code
The Trade-Agreement Embarrassment
- Ethier, Wilfred J. (University of Pennsylvania)
- 투고 : 2013.09.03
- 심사 : 2013.09.30
- 발행 : 2013.09.30
초록
The dominant academic literature about trade agreements maintains that they are only about national terms-of-trade manipulation and not at all about purely political concerns. Non-academic economists, commentators, and diplomats by contrast think that trade agreements are all about political concerns. There are two substantive and important distinctions between the two views. i Practitioners maintain that policymakers care virtually not at all about the terms of trade or about trade-tax revenue. ii Practitioners, unlike academics, maintain that trade-agreement negotiations themselves change the underlying political economy. Observation of actual trade policy measures, though not conclusive, suggests that the practitioners are right and that the academics are wrong.
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