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Vested Interests in Queuing and the Loss of the WTO's Club Good: The Long-run Costs of US Bilateralism

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  • Kerr, William A.

Abstract

In recent years the United States has actively begun to engage in the negotiation of bilateral and regional trade agreements, a significant change from its long-standing commitment to the exclusive use of multilateral institutions for trade liberalization. While the "unequal economic power" effects of the strategic use of trade policy are well understood, the long-run implications of the creation of a queue for bilateral negotiations have been less fully explored. It is argued here that queuing creates vested interests that are antipathetic to multilateralism and threaten to erode the value of the WTO's "club good." As a result, the new two-track approach of the United States to trade negotiations may not be a sustainable policy.

Suggested Citation

  • Kerr, William A., 2005. "Vested Interests in Queuing and the Loss of the WTO's Club Good: The Long-run Costs of US Bilateralism," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 6(01), pages 1-10.
    • Handle: RePEc:ags:ecjilt:23865
    DOI: 10.22004/ag.econ.23865
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    References listed on IDEAS

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    1. Norris C. Clement & Gustavo del Castillo Vera & James Gerber & William A. Kerr & Alan J. MacFayden & Stanford Shedd & Eduardo Zepeda & Diana Alarcón, 1999. "North American Economic Integration," Books, Edward Elgar Publishing, number 1799.
    2. Guyomard, Herve & Le Mouel, Chantal, 2003. "The New Banana Import Regime in the European Union: A Quantitative Assessment," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 4(2), pages 1-19.
    3. Read, Robert, 2001. "The Anatomy of the EU-US WTO Banana Trade Dispute," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 2(2), pages 1-26.
    4. May T. Yeung & Nicholas Perdikis & William A. Kerr, 1999. "Regional Trading Blocs in the Global Economy," Books, Edward Elgar Publishing, number 1781.
    5. Kerr, William A., 2002. "A Club No More - The WTO after Doha," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 3(01), pages 1-9.
    6. Heinz G. Preusse, 2004. "The New American Regionalism," Books, Edward Elgar Publishing, number 3271.
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    Cited by:

    1. Bakhshi, Samira & Kerr, William A., 2010. "Labour Standards as a Justification for Trade Barriers: Consumer Concerns, Protectionism and the Evidence," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 11(01), pages 1-29, May.
    2. Kerr, William A., 2018. "Dismantling Trade Agreements: Why Is It So Difficult?," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 19(01), June.
    3. Kerr, William A., 2005. "Special and Differential Treatment: A Mechanism to Promote Development?," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 6(2), pages 1-11.
    4. Kerr, William A., 2013. "Negotiating in Disequilibrium: Can a Trans-Pacific Partnership be Achieved as Potential Partners Proliferate?," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 14(2), pages 1-12.

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