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How do global trade rules evolve? Strategic sequencing in international economic law

Bibliographic Data

ID12315802
AuthorsMatthew Castle (0000-0003-2098-883X, Political Science and International Relations Programme, Victoria University of Wellington, Wellington, New Zealand, corresponding author)
Year2022
Volume30
Issue4
Pages1387-1412
Publication date2022-07-25
Open AccessNo
TypeARTICLE
VenueReview of International Political Economy (JOURNAL)
Journal identifiersISSN: 0969-2290 • E-ISSN: 1466-4526
PublisherRoutledge (PUBLISHER • GB)
DOI10.1080/09692290.2022.2099949
OpenAlexW4287447692
LanguageEN
Citations received6
References cited38

How do global trade rules evolve? This article argues that agreements create precedent that shapes subsequent negotiations, and policymakers exploit this precedent. Specifically, states sequence agreements, using negotiations with likeminded or relatively less important partners to establish model rules for subsequent use where negotiations will be more challenging. By institutionalizing negotiating positions where stakes are low, negotiators seek to improve the odds of replicating preferred terms in later, more challenging deals. A two-stage regression analysis on trade agreement design from 1965 to 2016 and qualitative probes from the UK and New Zealand support the argument: agreements with less important partners are presented as strategic opportunities to innovate and set precedent. Legal language has a way of sticking around, and states know it. States sign agreements with an eye to the future

Argument (complex analysis · Business · Computer security · Economics · Exploit · International trade · Law and economics · Negotiation · Odds · Political science · Set (abstract data type · Computer Science · Global trade and economics · International Arbitration and Investment Law · Law · World Trade Organization Law

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Highly citedNo

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