Non-economic Objectives, Globalisation and Multilateral Trade Cooperation

ByBernardM.Hoekman,PetrosC.MavroidisandDouglasR.Nelson Non-economicObjectives,GlobalisationandMultilateralTradeCooperation NON-ECONOMICOBJECTIVES,GLOBALISATIONANDMULTILATERALTRADECOOPERATION CENTREFORECONOMICPOLICYRESEARCH CentreforEconomicPolicyResearch33GreatSuttonStreet LondonEC1V0DXUK 187boulevardSaint-Germain 75007,Paris,France Tel:+44(20)71838801 Fax:+44(20)71838820 Email:cepr@cepr.orgWeb:www.cepr.org ISBN:978-1-912179-77-0 NON-ECONOMICOBJECTIVES,GLOBALISATIONANDMULTILATERALTRADECOOPERATION BernardM.Hoekman EuropeanUniversityInstituteandCEPR PetrosC.Mavroidis ColumbiaLawSchool DouglasR.Nelson TulaneUniversity CENTREFORECONOMICPOLICYRESEARCH(CEPR) TheCentreforEconomicPolicyResearch(CEPR)isanetworkofover1,700researcheconomistsbasedmostlyinEuropeanuniversities.TheCentre’sgoalistwofold:topromoteworld-classresearch,andtogetthepolicy-relevantresultsintothehandsofkeydecision-makers.CEPR’sguidingprincipleis‘Researchexcellencewithpolicyrelevance’.ItwasfoundedintheUKin1983,whereitisaCharity,andinNovember2019CEPRinitiatedthecreationofanAssociationunderFrenchlaw,inordertoprovideavehicleforanexpansioninFrance.ThemembersoftheConseild’AdministrationoftheAssociationareidenticaltotheUKBoardofTrustees. CEPRisindependentofallpublicandprivateinterestgroups.IttakesnoinstitutionalstandoneconomicpolicymattersanditscorefundingcomesfromitsInstitutionalMembers,projectsthatitrunsandsalesofpublications.Becauseitdrawsonsuchalargenetworkofresearchers,itsoutputreflectsabroadspectrumofindividualviewpointsaswellasperspectivesdrawnfromcivilsociety.CEPRresearchmayincludeviewsonpolicy,buttheTrustees/membersoftheConseild’AdministrationoftheAssociationdonotgivepriorreviewtoitspublications.TheopinionsexpressedinthisreportarethoseoftheauthorsandnotthoseofCEPR. ChairoftheBoardSirCharlieBeanFounderandHonoraryPresidentRichardPortes PresidentBeatriceWederdiMauro VicePresidentsMaristellaBotticiniPhilippeMartinUgoPanizza MarReguantHélèneRey ChiefExecutiveOfficerTessaOgden ROBERTSCHUMANCENTREFORADVANCEDSTUDIES TheRobertSchumanCentreforAdvancedStudies,createdin1992andcurrentlydirectedbyProfessorErikJones,aimstodevelopinter-disciplinaryandcomparativeresearchonthemajorissuesfacingtheprocessofEuropeanintegration,EuropeansocietiesandEurope’splacein21stcenturyglobalpolitics.TheCentreishometoalargepost-doctoralprogrammeandhostsmajorresearchprogrammes,projectsanddatasets,inadditiontoarangeofworkinggroupsandadhocinitiatives.Theresearchagendaisorganisedaroundasetofcorethemesandiscontinuouslyevolving,reflectingthechangingagendaofEuropeanintegration,theexpandingmembershipoftheEuropeanUnion,developmentsinEurope’sneighbourhoodandthewiderworld.Formoreinformation:http://eui.eu/rscas Viewsexpressedinthispublicationreflecttheopinionofindividualauthor(s)andnotthoseoftheEuropeanUniversityInstitute. Abouttheauthors BernardM.HoekmanisProfessorandDirector,GlobalEconomicsattheRobertSchumanCentreforAdvancedStudies,EuropeanUniversityInstitute,Florence,Italy.HeisaCEPRResearchFellow,aseniorassociateoftheEconomicResearchForumfortheArabcountries,IranandTurkeyandamemberoftheUKCentreforInclusiveTradePolicy.BeforejoiningtheEUIhewasDirectorforInternationalTrade(2008-13)andResearchManagerintheDevelopmentResearchGroup(2000-2008)oftheWorldBank.AgraduateoftheErasmusUniversityRotterdam,heholdsaPh.D.inEconomicsfromtheUniversityofMichigan.Hisresearchfocusesoninternationaltradeanddevelopment,tradeinservices,publicprocurement,andglobalgovernanceandthemultilateraltradingsystem. PetrosCMavroidisisProfessorofLawatColumbiaLawSchool,andamemberoftheInstitutdedroitinternational. DouglasR.NelsonisProfessorofEconomicsintheDepartmentofEconomicsandtheMurphyInstitute,bothatTulaneUniversity.HeisanexternalresearchfellowattheUniversityofNottingham’sCentreforResearchonGlobalisationandEconomicPolicy.HehasworkedattheUSTreasury,theWorldBank,hasheldregularacademicappointmentsatRutgersUniversity,UniversityofTexas—Dallas,SyracuseUniversity,theUniversityofNottingham,andvisitingappointmentsattheInternationalMonetaryFund,WashingtonUniversityinSt.Louis,ETH—Zurich,theUniversityofBayreuth,theWorldTradeInstitute—Bern,andtheEuropeanUniversityInstitute—Florence.HeisagraduateofMiamiUniversityofOhioandholdsaPh.D.inPoliticalSciencefromtheUniversityofNorthCarolina—ChapelHill.Hisresearchfocusesontheeconomicsandpoliticaleconomyofinternationaltradeandinternationalmigration. Acknowledgements WeareindebtedtoFernandoMartínEspejoandSimonEvenettforsharingdata,toSonaliChowdhuryandFilippoSantiforassistanceingeneratingsomeofthegraphs,andChristineBliss,ChadBown,Carlo-MariaCantore,WilliamJ.Davey,ChristinaDavis,AnabelGonzalez,JenniferHillman,GaryHufbauer,RoddMichaelIzadnia,MeritJanow,LauroLocks,CeciliaMalmström,MicheleRuta,SunayanaSasmal,SimonSchropp,AlanO.Sykes,PaulTucker,RobertWolfe,MarkWu,ErnestoZedillo,andparticipantsinseminarsandworkshopsattheEUI,WTO,IMF,NewYorkUniversity,KennedySchoolofGovernment,ColumbiaBusinessSchool,andtheFriendsofMultilateralismGroupforhelpfulcommentsanddiscussion.FundingfromtheJerome A.ChazenInstituteforGlo