The Sovereign Remedy?: Trade Agreements in a Globalizing World

282 Pages·2009·2.45 MB·English

by  Antoni Estevadeordal

The Sovereign Remedy?
This page intentionally left blank
The Sovereign Remedy?
Trade Agreements in a
Globalizing World
A. Estevadeordal and K. Suominen
1
3
Great Clarendon Street,
Oxford ox2 6DP
Oxford University Press is a department of the University of Oxford.
It furthers the University’s objective of excellence in research, scholarship,
and education by publishing worldwide in
Oxford New York
Auckland Cape Town Dar es Salaam Hong Kong Karachi
Kuala Lumpur Madrid Melbourne Mexico City Nairobi
New Delhi Shanghai Taipei Toronto
With offi ces in
Argentina Austria Brazil Chile Czech Republic France Greece
Guatemala Hungary Italy Japan Poland Portugal Singapore
South Korea Switzerland Thailand Turkey Ukraine Vietnam
Oxford is a registered trade mark of Oxford University Press
in the UK and in certain other countries
Published in the United States
by Oxford University Press Inc., New York
© A. Estevadeordal and K. Suominen 2009
The moral rights of the authors have been asserted
Database right Oxford University Press (maker)
First published 2009
All rights reserved. No part of this publication may be reproduced,
stored in a retrieval system, or transmitted, in any form or by any means,
without the prior permission in writing of Oxford University Press,
or as expressly permitted by law, or under terms agreed with the appropriate
reprographics rights organization. Enquiries concerning reproduction
outside the scope of the above should be sent to the Rights Department,
Oxford University Press, at the address above
You must not circulate this book in any other binding or cover
and you must impose the same condition on any acquirer
British Library Cataloguing in Publication Data
Data available
Library of Congress Cataloging in Publication Data
Data available
Typeset by SPI Publisher Services, Pondicherry, India
Printed in Great Britain
on acid-free paper by
ISBN 978-0-19-955015-9
10 9 8 7 6 5 4 3 2 1
To Jordi Nadal and Jeffrey Williamson
AE
To Margaret E. Scranton
KS
Acknowledgements
This book is the result of the work of great many individuals. We wish
to thank our cadre of diligent and patient research assistants who have
worked on this book over the past four years—Akiko Oncken, Mari Nishie,
Masahiro Matsumoto, Raul Cabrera, Yusuke Kuwayama, Kevin McCown,
Margaret Mitchell, Cristina Dengel, Naoko Uchiyama, Pedro Martínez
Alanís, Carlos Velasco, Carlos M. Gutierrez Jr., Santiago Florez Gomez,
and Sara Marzal Yetano. Two IDB colleagues, Matthew Shearer and Jeremy
Harris, have made extensive contributions to various papers and arti-
cles that form part of the basis of this volume; our thanks to their many
insights, comments, and sheer hard work.
We are grateful to the numerous colleagues around the world—too
many to mention here—who have critically shaped our thinking over the
years. Our humble thanks also to the countless committed trade policy
offi cials in Asia, Americas, and Europe, who have provided a reality check
for our work, and taught us more than we could ever teach them.
We also wish to thank the anonymous referees for insightful and useful
comments. Particular thanks to the referee of the complete manuscript,
whose comments improved this volume signifi cantly. Our very special
thanks to the hugely professional team at Oxford University Press—Sarah
Caro, Harriet Ayles, Emma Lambert, Virginia Williams, and Jennifer
Wilkinson. All interpretations and errors remain ours alone.
We dedicate this book to our professors Jordi Nadal and Jeffrey
Williamson, who over the years taught Antoni the importance of an inter-
disciplinary approach to economic thinking, and to Margaret “Peggy”
Scranton, a tireless mentor who fi rst sparked Kati’s love for the study of
international politics.
vi
Summary Contents
Abbreviations xi
1. Introduction 3
Part I. The Rise of Trade Agreements
2. Tides of Trade Integration 17
3. Cooperating to Trade, Trading to Cooperate 84
4. Intricate Designs: The Architecture of Trade Agreements 109
Part II. What Future for Trade Agreements?
5. Disciplining Trade Agreements: Toward Multilateralization? 157
6. Managing the Spaghetti Bowl of Trade Agreements 189
7. Conclusion: Making More of Trade Agreements 224
Bibliography 236
Index 251
vii
This page intentionally left blank
Contents
Abbreviations xi
1. Introduction 3
I. The Proliferation of Trade Agreements:
New Policy Questions 3
II. Organization and Main Findings 6
Part I. The Rise of Trade Agreements
2. Tides of Trade Integration 17
I. Introduction 17
II. Trade Agreements Through Time 19
III. Why Trade Agreements? 52
IV. Conclusion 63
3. Cooperating to Trade, Trading to Cooperate 84
I. Introduction 84
II. Evolution of International Cooperation 86
III. Trade and Cooperation: Is There a Nexus? 92
IV. Conclusion 103
4. Intricate Designs: The Architecture of Trade Agreements 109
I. Introduction 109
II. Sectoral Dynamics 110
III. “Trade-Related” Rules 131
IV. Beyond Rule-Making 141
V. Conclusion 142
Part II. What Future for Trade Agreements?
5. Disciplining Trade Agreements: Toward Multilateralization? 157
I. Introduction 157
ix