International trade liberalization historically has taken many organizational forms--unilateral, bilateral, minilateral, and multilateral. Given the proliferation of normative views about which of these should be pursued, economists and political scientists have devoted surprisingly little attention to the reasons for the observed variation in the chosen forms. This book is the first to develop a single theoretical framework to account for past liberalization practices and also to anticipate ongoing changes in the international organization of trade policy. Growing out of a multidisciplinary effort combining economics, politics, organization, and law, the book's strategic organizational approach will interest students of trade, international relations, or institutional arrangements. Central to the strategic organizational approach is the view that organizational variety reflects alternate governance structures used to facilitate and enforce agreements. Among the successes of the approach are explanations of unilateral liberalization by nineteenth-century Britain, U.S. governance of multilateral liberalization under the early postwar GATT, growing use of bilateral governance to limit nontariff trade barriers, and anticipation of major moves toward minilateral governance, such as Europe/1992 and the Canada-U.S. Free-Trade Agreement.
Originally published in 1992.
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"[A] thoughtful book.... The Yarbroughs are to be commended for directing our attention to this neglected issue in trade theory as well as for their imaginative integration of insights from a variety of professional disciplines.... Their argument ... challenges us to think more, and more systematically, about the core issue of governance that makes trade liberalization possible. For that reason alone, the book deserves to reach a wide audience."--Journal of Economic Literature
Table of Contents:
Ch. 1 Introduction 3
Ch. 2 Strategic Organization and International Trade Institutions 20
Ch. 3 Hegemony and International Trade: Unilateral or Multilateral Liberalization? 49
Ch. 4 Self-Help and Precommitment: Bilateral Trade Liberalization 68
Ch. 5 Third-Party Governance and Group Membership: Minilateral Trade Liberalization 86
Ch. 6 The Strategic Organizational Approach to International Institutions and the New Economics of Organization 111
Ch. 7 The Strategic Organizational Approach: An Assessment 134
Author Index 171
Subject Index 176