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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title The political economy of deep integration
Organization Unit
Authors
  • Giovanni Maggi
  • Ralph Ossa
Language
  • English
Institution National Bureau of Economic Research
Series Name NBER Working Paper Series
Number 28190
Number of Pages 34
Date 2020
Abstract Text Modern trade agreements no longer emphasize basic trade liberalization but instead focus on international policy coordination in a much broader sense. In this paper we introduce the emerging literature on the political economy of such deep integration agreements. We organize our discussion around three main points. First, the political conflict surrounding trade agreements is moving beyond the classic antagonism of exporter interests who gain from trade and import-competing interests who lose from trade. Second, there is a more intense popular backlash against deep integration agreements than there was against shallow integration agreements. And third, the welfare economics of trade agreements have become more complex, in the sense that the insight that "free trade is good" is no longer sufficient as a guide to evaluating the efficiency of international agreements.
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Digital Object Identifier 10.3386/w28190
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