Journal of Economic Perspectives
ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)
The WTO as a Mechanism for Securing Market Access Property Rights: Implications for Global Labor and Environmental Issues
Journal of Economic Perspectives
vol. 15,
no. 3, Summer 2001
(pp. 69–88)
(Complimentary)
Abstract
Can the World Trade Organization (WTO) contribute to the attainment of sound labor and environmental policies? An answer requires an understanding of WTO rules. We argue that the purpose of WTO rules is to create a negotiating forum where governments can exchange secure market access commitments. From this perspective, we argue that supporters of sound trade, labor and environmental policies can benefit from a well-functioning WTO, because facilitating trade liberalization and preventing race-to-the-bottom/regulatory-chill problems go hand in hand, and each is accomplished by maintaining secure property rights over negotiated market access commitments.Citation
Bagwell, Kyle, and Robert W. Staiger. 2001. "The WTO as a Mechanism for Securing Market Access Property Rights: Implications for Global Labor and Environmental Issues." Journal of Economic Perspectives, 15 (3): 69–88. DOI: 10.1257/jep.15.3.69JEL Classification
- F16 Trade and Labor Market Interactions
- F18 Trade and Environment
- F13 Trade Policy; International Trade Organizations
- Q28 Renewable Resources and Conservation: Government Policy
- J58 Labor-Management Relations, Trade Unions, and Collective Bargaining: Public Policy
- D23 Organizational Behavior; Transaction Costs; Property Rights
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