Multilateralising 21st-century regionalism

Richard Baldwin, 20 January 2014

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Trade and trade agreements used to be relatively simple. Trade primarily meant trade in ‘made-here-sold-there’ goods, so 20th-century regional and multilateral trade agreements dealt primarily with barriers to goods crossing borders – especially tariffs. For governments, the key purpose of trade and trade agreements was to help their firms sell things.

Topics: Global governance, International trade
Tags: global value chain, harmonisation, megaregionals, network effects, regional trade agreements, supply chains, trade, WTO

An EU-US trade deal: Good or bad for the rest of the world?

Aaditya Mattoo, 10 October 2013

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The recent launch of negotiations on a transatlantic trade and investment deal has been widely welcomed. The prime minister of the UK, David Cameron, called it a “once-in-a-generation prize” and produced numbers on why everyone should be happy; gains of £100 billion for the EU, £80 billion for the US and £85 billion to the rest of the world.

Topics: International trade
Tags: free trade agreements, harmonisation, standards

European data protection: Impact of the EU data-protection regulation

Laurits R. Christensen, Federico Etro, 24 March 2013

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Policymaking and regulation at the centralised level in a union of countries such as the EU require care. Policymakers must strike a careful balance between the benefits of the harmonisation of policies and the costs of accounting for the differing preferences of individual countries (see Dewatripont et al. 1995).

Topics: EU policies, Europe's nations and regions
Tags: data protection, harmonisation, technology

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