| Tekijä: | Maggi, G. |
| Otsikko: | The role of multilateral institutions in international trade cooperation |
| Lehti: | American Economic Review
1999 : MAR, VOL. 89:1, p. 190-214 |
| Asiasana: | ECONOMICS INTERNATIONAL CO-OPERATION TRADE |
| Kieli: | eng |
| Tiivistelmä: | The World Trade Organization (WTO) lacks the power to directly enforce agreements. It is therefore important to understand what role the WTO can play to facilitate international cooperation, and whether a multilateral institution can offer distinct advantages over a web of bilateral agreements. This paper examines two potential benefits of a multilateral trade institution: first, verifying violations of the agreements and informing third parties, thus facilitating multilateral reputation mechanisms. |
SCIMA