Working Paper No. 916

Why the WTO? An Introduction to the Economics of Trade Agreements

Published: May 23, 2012Pages: 68Keywords: Trade agreements, GATT; WTOJEL-codes: F13
Published version

Why the WTO? An Introduction to the Economics of Trade Agreements Gene M. Grossman and Henrik Horn


The purpose of this study is to present to readers with limited training in economics the perspective that most international trade economists bring to the study of trade agreements. It focuses on the main approach in the literature, which sees these agreements as means to address negative international externalities that would arise from unilateral determination of trade policies. The study argues that this approach may help explain salient features of trade agreements in general, and of the GATT in particular, such as their reciprocal nature, the need for trade agreements to be self-enforcing, and the inevitable contractual incompleteness of trade agreements. The study also discusses the main critiques that have been directed against this popular approach.

 

Henrik Horn

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henrik.horn@ifn.se

Integrating Immigrants into the Nordic Labour Markets

An Overall Perspective

Pages-from-2019-Calmfors-Gassen---Integrating-Immigrants-into-the-Nordic-Labour-Markets.gif

Denmark, Finland, Norway and Sweden face similar problems of integrating large groups of immigrants, especially low-educated ones from outside the EU, into their labour markets. In this volume, edited by Lars Calmfors, IFN, and Nora Sánchez Gassen in cooperation with researchers from across the Nordic Region analyse how labour market integration of immigrants can be promoted. 

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