Deep and Comprehensive Free Trade Agreements

Hoekman, Bernard

doi:10.2139/ssrn.2848966

Cited by 23 publications

(9 citation statements)

References 31 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…The fundamental scientific basis for studying the correlation of economic openness in the context of the impact on economic growth is the publications of such scientists as M. Clemens, J. Williamson [1], D. Dollar, A. Krаay [2; 3], S. Edwards [4], J. Sachs and A. Warner [5] and others. The consequences of foreign trade liberalization, including ambiguous and contradictory ones, have been analyzed in the publications of E. Choudri, D. Hakura [6], G. Duhinets, V. Tronko [7], J. Francois, M. Manchin [8], J. Nugent [9], D. Rodrick [10] and others [11][12][13][14][15][16].…”

Section: Analysis Of Recent Research and Publicationsmentioning

confidence: 99%

Trade Liberalization: Theory, Predicting the Consequences of Implementation and Practical Realities

Mark¹

2019

Investytsiyi: Praktyka Ta Dosvid

View full text Add to dashboard Cite

Марк Хеллаєр, аспірант, Київський національний торговельно економічний університет Директор компанії "СТА" (Великобританія), ЛІБЕРАЛІЗАЦІЯ ТОРГІВЛІ: ТЕОРІЯ, ПРОГНОЗУВАННЯ НАСЛІДКІВ ВПРОВАДЖЕННЯ ТА ПРАКТИЧНІ РЕАЛІЇ Background. The competitive positions of countries and their companies largely depend on the nature of participation in international economic interaction. It has been proven that countries with high levels of economic development are benefiting from foreign trade through liberalization. However, it remains debatable how much positive expectations identified in trade liberalization theory can be put into practice in economically peripheral countries. The fundamental scientific basis for studying the correlation of economic openness in the context of the impact on economic growth, including ambiguous and contradictory impact of trade liberalization, have been studied by various scholars. However, since antagonists of trade liberalization theory often do not fully understand all the positive effects of its application, research in this area is relevant. The goal of this study is to analyze the development and foundations of trade liberalization theory, as well as to compare projections of the effects of trade liberalization between Ukraine and the EU under the terms of the Deep and Comprehensive Free Trade Area (DCFTA) and the practical realities. The main results of the research. International trade theory provides explanations for the impact of international trade and the distribution of the gains from trade and particularly trade liberalisation through preferential trade agreements. Classical trade theory supports free trade and advocates against tariffs and restrictions. The assumptions behind the classical trade theory are the following: Completely free trade; no subsidies, tariffs, or commercial restrictions; Frictionless inter sectoral transfer of labour. However these assumptions do not hold in the real world and gives rise to the debate on the conditions under which free trade provides Gains from Trade. In the Heckscher Ohlin model of trade, each nation's comparative advantage is traced to its particular endowments of different factors of production: that is, basic inputs such as land, labour, and capital. Since the costs of these inputs in each country will depend on their availability, differences in factor endowments across countries will create differences in comparative advantage. Each country will tend to export items whose production requires intensive use of the factors with which it is abundantly endowed relative to other nations; conversely, each country will import goods whose production requires intensive use of factors that are relatively scarce. Therefore, countries well endowed with land, like Australia and Canada, and indeed Ukraine, are thus expected to export agricultural products (e.g., wheat and wool), while importing products that require the intensive use of labour (e.g., textiles and footwear). The article emphasized that Classical theory and Heckscher Ohlin theory is furth...

show abstract

Section: Analysis Of Recent Research and Publicationsmentioning

confidence: 99%

Trade Liberalization: Theory, Predicting the Consequences of Implementation and Practical Realities

Mark¹

2019

Investytsiyi: Praktyka Ta Dosvid

View full text Add to dashboard Cite

show abstract

“…Early events can trigger self-perpetuating processes, or they can set in motion a backlash that hinders further institutional change (Pierson, 2000;Stinchcombe, 1968). The notion of sequencing institutional change is strongly interlinked with various conceptualizations of institutional complementarity (Amable, 2016;Aoki, 2007) and clusters (Jellema and Roland, 2011;Saleth and Dinar, 2008). The common idea in these various approaches to institutional change is that it is not a specific institution that matters but the way it is combined and interacts with institutional change in other fields.…”

Section: A Political Economy Framework Of Institutional Changementioning

confidence: 99%

“… 1 On the benefits of economic integration, see, among others, Beeson (2014), Brou and Ruta (2011), Mattli (1999), Robson (2012) and Hoekman (2016). …”

mentioning

confidence: 99%

Economic integration and state capacity

Bruszt

Campos

2018

Journal of Institutional Economics

View full text Add to dashboard Cite

We investigate whether and how economic integration increases state capacity. This important relationship has not been studied in detail so far. We put together a conceptual framework that highlights what we call the Montesquieu, Weber and Smith channels to guide our analysis. Each of these corresponds to a series of mechanisms in three distinct institutional arenas: judiciary, bureaucracy and competition policy. To test our framework, we introduce a new panel of institutional reform measures that allow us to investigate how changes in these three arenas interact with each other and what sequence of changes yields increases in state capacity. The yearly data set covers all the 17 candidate countries to join the European Union (EU) after the 1995 enlargement. Deep integration, we find, can induce broad institutional change by providing incentives for simultaneous change in core state institutions. Bureaucratic independence and judicial capacity seem to be the key engine of the process engendered by the prospect of EU membership. Yet early and abrupt removal of external anchors might generate significant backsliding, or reversals, in domestic institutional change.

show abstract

“…Coupled with the geopolitical implications discussed earlier, the ENP has thus potentially had more destabilizing effects than economically beneficial ones. In retrospect, Morocco's decision in 2014 to halt negotiations because of its doubts about potential negative impacts on its industry (Hoekman, 2016: 2) may have been wise. 2 In conclusion, the idea to expand gradually the EU's single market to the neighbouring countries was born out of good intentions and reflected the wish to mobilize the 'normative power' attached to free trade as a motor for wealth and peace.…”

Section: Economic Integrationmentioning

confidence: 99%

“…The one with Ukraine became operational in January 2016. 1 The agreement with Armenia, which was concluded in 2013, did not enter into force due to the Armenian government’s decision to join the Eurasian Economic Union instead (Hoekman, 2016).…”

Section: The Enp Between Ambition and Realitymentioning

confidence: 99%

On the fringes of the European peace project: The neighbourhood policy’s functionalist hubris and political myopia

Lavenex

2016

The British Journal of Politics and International Relations

View full text Add to dashboard Cite

The destabilization of Eastern Europe and of the Southern Mediterranean has exposed the limits of the European peace project. Obviously, the European Neighbourhood Policy has not succeeded in boosting peace and prosperity. This article attributes this failure to a combination of functionalist hubris and political myopia that emanates from the European Union's peculiar constitution as a regulatory power with weak political union. While the projection of the European Union's single market acquis has set over-ambitious targets, the needs of the partner countries and the wider geopolitical implications of the Neighbourhood Policy have received little political attention. In sum, the experience at the fringes of the European peace project not only unveils the limits of the European Union as a foreign policy actor, but it also raises more theoretical questions on the notion of 'liberal peace'.

show abstract

Deep and Comprehensive Free Trade Agreements

Cited by 23 publications

References 31 publications

Trade Liberalization: Theory, Predicting the Consequences of Implementation and Practical Realities

Trade Liberalization: Theory, Predicting the Consequences of Implementation and Practical Realities

Economic integration and state capacity

On the fringes of the European peace project: The neighbourhood policy’s functionalist hubris and political myopia

Contact Info

Product

Resources

About