Bagwell, KyleBown, Chad P.Staiger, Robert W.2015-07-162015-07-162015-06https://hdl.handle.net/10986/22177The WTO has delivered policy outcomes that are very different from those likely to emerge out of the recent wave of preferential trade agreements (PTAs). Should economists see this as an efficient institutional hand-off, where the WTO has carried trade liberalization as far as it can manage, and is now passing the baton to PTAs to finish the job? This paper surveys a growing economics literature on international trade agreements and argues on this basis that the WTO is not passé. Rather, and subject to some caveats, this survey of research to date suggests that the WTO warrants strong support while a more cautious view of PTAs seems appropriate.en-USCC BY 3.0 IGOSETTLEMENT NEGOTIATIONSINDUSTRIALIZED COUNTRIESLIABILITYEXPORT MARKETSGLOBAL WELFAREPANEL REPORTFREE TRADE AGREEMENTWORLD TRADE ORGANIZATIONINTERNATIONAL ECONOMIC LAWTRADE NEGOTIATIONSBILATERAL NEGOTIATIONSAD VALOREMREGIONAL TRADE AGREEMENTSFOREIGN INVESTORSDISPUTE SETTLEMENTTRADE RULESFOREIGN OWNERSHIPFOREIGN PRODUCERSIMPORTING COUNTRIESTRADE BARRIERSINTERNATIONAL TRADING SYSTEMCOUNTERVAILING DUTIESINTERNATIONAL ORGANIZATIONSDOMESTIC INDUSTRIESDISPUTE SETTLEMENT PROCEDURESNATIONAL TREATMENTDOMESTIC MARKETAGREEMENT ON GOVERNMENT PROCUREMENTTRADE FLOWSTRADE AREASINTELLECTUAL PROPERTY RIGHTSREGIONAL AGREEMENTSFREE TRADE AGREEMENTSTRIPS AGREEMENTTRADE NEGOTIATORSIMPORTED PRODUCTSHOME MARKETINTEGRATION AGREEMENTSPANEL REPORTSTRADE CONCESSIONSDISPUTE SETTLEMENT SYSTEMANTI-DUMPING DUTIESTREATIESMARKET ACCESSEXTERNAL TRADEFREE TRADEINTERNATIONAL BANKEXPORT SUBSIDIESDISPUTE RESOLUTIONBORDER MEASURESIMPORTED GOODSTRADE AGREEMENTSTRADE BARRIERPRODUCTION PROCESSEXPORTING COUNTRYFOREIGN MARKETSINTELLECTUAL PROPERTY TREATIESPUBLIC POLICYPREFERENTIAL TRADE AGREEMENTSDUMPING DUTIESTRADE BALANCEENFORCEMENT MECHANISMSTRADE SYSTEMGLOBAL ECONOMYMULTILATERAL SYSTEMDISPUTE SETTLEMENT MECHANISMSTRADE RESTRICTIONSDOMESTIC SUBSIDIESREGIONAL TRADECASE LAWCUSTOMSIMPORT POLICYINVESTMENT AGREEMENTCONTRACTING PARTIESIMPORT SUBSTITUTIONINTERNATIONAL TRADE LAWIMPORT RESTRICTIONSAGREEMENT ON SUBSIDIESCOUNTERVAILING MEASURESTRADE POLICYQUANTITATIVE RESTRICTIONSCUSTOMS VALUATIONDEVELOPING COUNTRY EXPORTSEXPORT MARKETEXPORT SUBSIDYSIGNATORY COUNTRIESTRADE REMEDIESTRADE POLICIESAGREEMENT ON AGRICULTUREINTERNATIONAL TRANSFERSLEGAL ASPECTSINTERNATIONAL NEGOTIATIONSTRADE LAWANTI-DUMPING AGREEMENTGENERAL AGREEMENT ON TRADE IN SERVICESAGREEMENT ON SAFEGUARDSCASE-BY-CASE BASISINTERNATIONAL TRADEEXPORTING COUNTRIESINTERNATIONAL INVESTMENTCOMPETITION POLICYREMEDIESFOREIGN COUNTRIESENVIRONMENTAL STANDARDSEUROPEAN UNIONFOREIGN INVESTMENTMULTILATERAL RULESSAFEGUARD MEASURESIMPORT COMPETITIONPRODUCTION STANDARDSFREE TRADE AREASMULTILATERAL LEVELINTERNAL TRADEFOREIGN EXPORTERSMANAGED TRADEINTERNATIONAL AGREEMENTSTRADE LIBERALIZATIONWORLD TRADING SYSTEMSOCIAL WELFAREPROTECTIVE MEASURESGLOBAL TRADINGTRADE DIVERSIONCROSS-BORDER OWNERSHIPSYSTEM OF PREFERENCESLABOR STANDARDSINTERNATIONAL RULESAPPELLATE BODY REPORTIMPORTING COUNTRYREGIONAL INTEGRATIONHUMAN RIGHTSAGRICULTURAL PRODUCTSEXPORT POLICYTRADEDUMPING DUTYDOMESTIC PRICESEXPORT PRICETRADING SYSTEMMARKET SHARELEGAL SYSTEMAPPELLATE BODYDOMESTIC PRODUCTIONCUSTOMS UNIONSADMINISTRATIVE PROCEDURESPREFERENTIAL TRADEINTERNATIONAL AGREEMENTRETALIATION LEVELSANTI-DUMPING DUTYTRADE SANCTIONSBOVINE MEATIMPORT POLICIESDISPUTE SETTLEMENT BODYINTERNATIONAL LAWINTELLECTUAL PROPERTYPOLICY RESEARCHFOREIGN COUNTRYRULES OF ORIGINMATERIAL INJURYEXCHANGE RATEACCORDMULTILATERAL TRADE AGREEMENTSAGREEMENT ON TRADE-RELATED ASPECTSTECHNICAL BARRIERSDISPUTE SETTLEMENT PANELINTERNATIONAL MARKETSWORLD MARKETDOMESTIC INDUSTRYDISPUTE SETTLEMENT PROCESSAGRICULTURAL TRADEWorking PaperWorld Bank10.1596/1813-9450-7304