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作 者:Ligang Song Vishesh Agarwal
机构地区:[1]Crawford School of Public Policy,Australian National University,Australia [2]World Bank,Australia
出 处:《China & World Economy》2023年第1期62-87,共26页中国与世界经济(英文版)
摘 要:This paper applies an endogenous institutionalist framewwork to understand the evolution of the rules-based international trading system since the end of World WarⅡ.We argue that the initial success of the General Agreement on Trade and Tariffs and re-enforcement that led to the formation of the WTO can be explained by three major factors:the hegemonic position of the US,the belief that international trade would foster prosperity and peace,and Cold War politics.However,declining US hegemony along with a shift in global comparative advantage in labor-intensive manufacturing led to a shift from multilateral towards preferential trade agreements since the 1990s.Today,the WTO faces several new challenges,including increasing geo-political competition between the US and China,increasing digitization of commerce,and disrupted supply chains following CO VID-19.A functioning WTO that facilitates global economic re-integration remains crucial to ensure a strong recovery from the pandemic and continued long-term prosperity and stability of the global economy.
关 键 词:endogenous institutional change GATT international trade institutions WTO
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