{"product_id":"the-economics-of-the-world-trading-system","title":"The Economics of the World Trading System","description":"\u003cp\u003eWorld trade is governed by the rules of the World Trade Organization (WTO)  the successor to the General Agreement on Tariffs and Trade (GATT). The WTO sets rules of conduct for the international trade of goods and services and for intellectual property rights  provides a forum for multinational negotiations to resolve trade problems  and has a formal mechanism for dispute settlement. It is the primary institution working  through rule-based bargaining  at freeing trade. In this book  Kyle Bagwell and Robert Staiger provide an economic analysis and justification for the purpose and design of the GATT\/WTO. They summarize their own research  discuss the major features of the GATT agreement  and survey the literature on trade agreements. Their focus on the terms-of-trade externality is particularly original and ties the book together. Topics include the theory of trade agreements  the origin and design of the GATT and the WTO  the principles of reciprocity  the most favored nation principle  terms-of-trade theory  enforcement  preferential trade agreements  labor and environmental standards  competition policy  and agricultural export subsidies.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":44985084313653,"sku":"ByrdShop_0262524341","price":32.77,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780262524346.jpg?v=1770845804","url":"https:\/\/atxbooks.com\/products\/the-economics-of-the-world-trading-system","provider":"ATX Books","version":"1.0","type":"link"}