LEEP Seminar: Contesting an International Trade Agreement

Economics

Speaker:Ben Zissimos, University of Exeter
Website: https://business-school.exeter.ac.uk/about/people/profile/index.php?web_id=Ben_Zissimos
Date: Tuesday 19 November 2019
Time: 10.30-11.30
Location: Pearson Teaching Room

Further details

We develop a new theoretical political economy framework, called a ‘parallel contest’, that emphasizes the political fight over trade agreement (TA) ratification within countries. TA ratification is inherently uncertain in each country, where anti- and pro-trade interest groups contest each other to influence their own governments’ ratification decision. Unlike prior literature, the protection embodied in negotiated TA tariffs reflects a balance between the liberalizing force of lobbying and inherently protectionist government preferences. Moreover, new international political externalities emerge that are not internalized by governments that just internalize terms of trade externalities.