Monthly Archives: September 2003

Comic book critics

I am amazed by how lit­tle the eco­nom­ic press under­stands the WTO.  It’s by no means an obscure orga­ni­za­tion; nor is it unim­po­rant[⇒ relat­ed sto­ry]. But typ­i­cal assess­ments of the col­lapse of the Can­cún talks are _naive_ (to use a gen­tle word). Robert Kut­ner asks”>–18.html”>asks in *Amer­i­can Prospect* why the ‘poor coun­tries appar­ent­ly shot them­selves […]

Overview of parallel importing

The “Cen­ter for the New Europe(link to CNE website)”: has pul­b­lished a “paper(link to PDF file, about 730k)”: by Jacob Arfwed­son that reviews the debates about the impact of par­al­lel import­ing on mar­kets for phar­ma­ceu­ti­cals. It’s well worth read­ing.  Arfwed­son con­cludes that the evi­dence of the ben­e­fits of par­al­lel import­ing or access to genet­ic drugs […]

Understanding the costs of quarantine

Over the past two days I attend­ed and spoke at the _Quarantine and Mar­ket Access_ con­fer­ence orga­nized in Can­ber­ra by the Quar­an­tine and Export Advi­so­ry Com­mit­tee to the Aus­tralian Min­is­ter for Agri­cul­ture. You can “download”: a PDF ver­sion of my pre­sen­ta­tion (about 600kb) by click­ing the image. My argu­ment will be famil­iar to read­ers of […]

WTO trade benefits: more evidence

Arnold Kling(link to EconLog)”: and “others(link to Tyler Cow­an story)”: have point­ed to the find­ings of a recent study fund­ed by the Nation­al Bureau of Eco­nom­ic Resarch that sug­gests that the WTO may not do what many peo­ple would rea­son­ably expect it to do: increase trade or reduce bar­ri­ers to trade. Based on expe­ri­ence I […]

Prestowitz calls for “disarmament”

Maybe the sky _is_ falling. What a plea­sure to be able to agree with Clyde Prestowitz … for once. The self described trade ‘hawk’ of the Rea­gan admin­is­tra­tion recommends”>”>recommends that the US and EU uni­lat­er­al­ly dis­man­tle their agri­cul­tur­al export and pro­duc­tion sub­si­dies in order to resus­ci­tate the cred­i­bil­i­ty of the WTO trad­ing sys­tem. ” Such […]

Stumbling over the TRIPS agreement

Daniel Drezner”: is a clever advo­cate for lib­er­al mar­ket poli­cies. He ven­tures some “crit­i­cisms of EU ambitions”: in the WTO in his lat­est Tech­Cen­tral­Sta­tion arti­cle that I agree with. But he trips-up along the way. bq. Until TRIPS(Agreement on Trade Relat­ed Intel­lec­tu­al Prop­er­ty Rights), there was a very clear divid­ing line between what the glob­al […]


Equi­ty and irra­tional behav­ior. ” If both (Capuchin Mon­keys) received a piece of cucum­ber as a reward, they behaved as before. How­ev­er, if Bros­nan gave one a grape, which they con­sid­ered a more prized morsel, the oth­er often refused to accept the cucum­ber. Worse still, if one mon­key was reward­ed for doing noth­ing, then four […]