Review Tariff Retaliation Versus Financial Compensation in the Enforcement of International Trade Agreements

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Tariff Retaliation Versus Financial Compensation in the Enforcement of International Trade Agreements High quality books

Tariff Retaliation Versus Financial Compensation in the Enforcement of International Trade Agreements
By:Nuno Limão,Kamal Saggi
Published on 2006 by World Bank Publications

|The authors analyze whether financial compensation is preferable to the current system of dispute settlement in the World Trade Organization that permits member countries to impose retaliatory tariffs in response to trade violations committed by other members. They show that monetary fines are more efficient than tariffs in terms of granting compensation to injured parties when there are violations in equilibrium. However, fines suffer from an enforcement problem since they must be paid by the violating country. If fines must ultimately be supported by the threat of retaliatory tariffs, they fail to yield a more cooperative outcome than the current system. The authors also consider the use of bonds as a means of settling disputes. If bonds can be posted with a third party, they do not have to be supported by retaliatory tariffs and can improve the negotiating position of countries that are too small to threaten tariff retaliation. |--World Bank web site.

This Book was ranked at 2 by Google Books for keyword Financial compensation.

Book ID of Tariff Retaliation Versus Financial Compensation in the Enforcement of International Trade Agreements's Books is KPugLDcNWBQC, Book which was written byNuno Limão,Kamal Saggihave ETAG "4PQqw51h82A"

Book which was published by World Bank Publications since 2006 have ISBNs, ISBN 13 Code is 9780060324162 and ISBN 10 Code is 0060324163

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Book which have "32 Pages" is Printed at BOOK under CategoryCompetition, International

This Book was rated by Raters and have average rate at ""

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