Donald L. Lucas Endowed Professor in Economics

Senior Fellow at the Stanford Institute for Economic Policy Research

Senior Fellow at the Stanford Center for International Development

The Economics of the World Trading System, by Kyle Bagwell and Robert Staiger
MIT Press, 2002

An economic analysis and justification for the purpose and design of the General Agreement on Tariffs and Trade and the World Trade Organization. Topics include the theory of trade agreements, the origin and design of the GATT and the WTO, the principles of reciprocity, the most-favored-nation principle, terms-of-trade theory, enforcement, preferential trade agreements, labor and environmental standards, competition policy, and agricultural export subsidies.