International Economic Law and Policy Blog (Page 442)

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Ha-Joon Chang Argues for Infant Industry Protection

In an interview related to his (somewhat) new book, Ha-Joon Chang makes the case for infant industry protection: When you are trying to get into a more difficult and thereby higher return activity, developing countries have to invest in it. The investment comes in the form of protection, which makes,

The Spread of Openness

In another small victory for transparency, the Appellate Body hearing in the latest Bananas appeals will be open to the public: http://www.wto.org/english/news_e/news08_e/hearing_22sept08_e.htm Of note is that one of the parties is Ecuador, which makes this, I believe, the

Battles over Buy American

First John McCain brags about buying American, rather than foreign, cars. Then Barack Obama puts together a TV ad alleging that McCain lied and actually owns several foreign-made cars. You can see the ad, which includes the McCain statement, here: http://my.barackobama.com/page/community/post/amandascott/gGg9HV I

GATS, NAFTA and the bailout

As initially announced, the Treasury purchase of toxic waste would not extend to the U.S. establishments of foreign financial institutions. Mohammad Fadel at Toronto University asked in a private exchange whether this restriction would violate US obligations under GATS or NAFTA. According to the NYTimes, Treasury is now considering

Peter Mandelson on Carbon Taxes

From a speech by Peter Mandelson: The elephant in the room when we talk about trade incentives for the right climate policy is of course the idea of a carbon border tax. This is intended to punish free-riders who don't sign up to a global climate deal and

The WTO is "like the Freemasons"

According to Jon Stewart: From an interview with Charlize Theron, star of the movie "Battle in Seattle," about the Seattle WTO protests. It's a couple minutes in before they start talking about the WTO. Which brings me to a related point. This is from an interview

The Spread of Bailouts

There is lots of talk about bailouts these days, mostly to the financial industry. Given that there are no subsidies rules for services, we are not likely to see many WTO disputes over this. However, when the government starts bailing companies out, sometimes it becomes hard to draw the line.

Policy Space for "Smart Protectionism"

We've talked before about policy space for developing countries, often in response to Dani Rodrik blog posts, but other times as well. The following piece seemed like a great case study of the issue: http://www.policyinnovations.org/ideas/commentary/data/000082 In a nutshell, the piece makes

WTO Discrimination

I have often heard it said that non-discrimination is a fundamental principle of the WTO. Yet I have never believed that for a moment. The WTO is enamored with discrimination. This can be seen in the way that the WTO encourages governments to discriminate between countries with antidumping duties and

Where is the link between financial markets and WTO?

This last week just witnessed the largest government intervention in the financial market - the U.S. government took control of the two mortgage giants, Fannie Mae and Freddie Mac, and will acquire $1 billion of preferred shares in each and provide as much as $200 billion to the two