PSCI 2223 study guide (2).pdf

Same logic works for autocracies and democracies

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Same logic works for autocracies and democracies: Autocracies (less trade) vs Democracies (more trade) Prisoner’s Dilemma Countries are unwilling to lower trade barriers because other countries also won’t lower trade barriers. By both of them keeping trade barriers production is less efficient overall and products are more expensive. If they both decide to lower trade barriers they would both be better off. But if just one country lowers their trade barriers they will suffer. Solutions to PD: - Small Numbers - Repeated Interactions - More Information - Linkages: Linking the issue that you are bargaining over with something else to make for a more sustainable bargain Negotiating Reciprocity Linkage Principal supplier small numbers EX: Principal suppliers of US are the only ones who get to negotiate reduces number of players and increases cooperation Most favored nation amount of information Required to place same regulations and same best treatment for all others involved increase info. flow there will be uniformity TPR and dispute settlement - what’s TPR← yes please what is TPR????? TPR is a review of a state’s policies s It means trade policy review everyone knows everyone else’s policies report card Negotiation rounds
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repetition repeated interactions
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  • Fall '09
  • International Trade, World Trade Organization, Bretton Woods Institutions, lower trade barriers

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