International Trade as a Means to Diverse Ends: Development, Workers, the Environment, and Global Public Goods

Trade in the Service of Sustainable Development, Forthcoming

9 Pages Posted: 30 Nov 2014

See all articles by Sanjay G. Reddy

Sanjay G. Reddy

The New School - Department of Economics

Date Written: November 1, 2014

Abstract

Diverse goals which are widely agreed to be important in world society. Nevertheless, discussions on trade policy often refer only to economic objectives, usually still more narrowly conceived in terms of gains in aggregate income through trade. Where other objectives are not simply ignored, it is often assumed either that they can be met through the independent exercise of non-trade policy instruments or that they will be met automatically if only the stated economic objectives are furthered. In contrast, we argue that many such aims will not be promoted automatically by increasing the volume of trade or of global income nor is it generally sufficient to suppose that these other objectives can be promoted satisfactorily by separately applying suitable non-trade policy instruments. As a result, it is necessary to take diverse objectives into account in the design of the world trading system. We sketch the underlying theory and possible practical mechanisms.

Keywords: Democratic Experimentalism, International Trade, Global Public Goods, Linkage, Social Clause. Special and Differential Treatment, Trade and Development, WTO

JEL Classification: F1, F4, O1, I3

Suggested Citation

Reddy, Sanjay G., International Trade as a Means to Diverse Ends: Development, Workers, the Environment, and Global Public Goods (November 1, 2014). Trade in the Service of Sustainable Development, Forthcoming, Available at SSRN: https://ssrn.com/abstract=2531962

Sanjay G. Reddy (Contact Author)

The New School - Department of Economics ( email )

Room 1116
6 East 16th Street
New York, NY 10003
United States

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