What Trade Deals Are Good For

May 24, 2016

In recent months, trade agreements have moved from the arcane pages of academic journals to the front pages of newspapers, from university lecture halls to the presidential campaign trail. What are these agreements about? Why do governments sign them? Why do some candidates lambast them? Do they deserve the attention they have received? The academic literature offers several explanations for why governments might be willing to compromise their sovereign rights to dictate their trade and economic policies.

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Topics: TARIFF LIBERALIZATION GLOBALIZATION

Agreements: NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA) TRANS-PACIFIC PARTNERSHIP (TPP)

Authors: GENE GROSSMAN

Publishing Institution: HARVARD BUSINESS REVIEW

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