Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85851
Authors: 
Ethier, Wilfred J.
Year of Publication: 
2001
Series/Report no.: 
Tinbergen Institute Discussion Paper 01-033/2
Abstract: 
This paper addresses the interplay between unilateralism and multilateralism. I first describe theirrespective stylized facts. I next present a simple, multi-country model with high initial tariffbarriers and with the features that have always been of paramount concern to policymakers, allowgovernments to negotiate multilateral agreements, and analyze the resulting equilibrium. I thenconsider the possibility of unilateralism and find a role for a system with features remarkablysimilar to contemporary unilateralism. The relationships between multilateralism and unilateralismare subtle: Unilateralism has the properties it has because the world is multilateral (the insurancetriangle); to be useful unilateralism requires a multilateral component of some type; this typeresults from a basic compatibility problem between those who negotiate multilaterally and thosewho establish unilateralism.
Subjects: 
Unilateralism
multilateralism
administered protection
insurance triangle
multilateral component
compatibility problem
JEL: 
F13
Document Type: 
Working Paper

Files in This Item:
File
Size
3.16 MB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.