Going alone : the case for relaxed reciprocity in freeing trade / edited by Jagdish Bhagwati.

Includes bibliographical references and index.

Introduction: the unilateral freeing of trade versus reciprocity / Jagdish Bhagwati -- Leadership by example?: Britain and the free trade movement of the nineteenth century / John A.C. Conybeare -- Reciprocity and the origins of U.S. trade liberalization / Douglas A. Irwin -- Reciprocity in GATT 1947: from 1942 to the Kennedy round / Alice Enders -- Market access bargaining in the Uruguay round: how tightly does reciprocity constrain? / J. Michael Finger, Ulrich Reincke, and Adriana Castro -- Australia: a case study of unilateral trade liberalization / Ross Garnaut -- Trade reform in New Zealand: unilateralism at work / Lewis Evans and Martin Richardson -- Trade liberalization in Asia / Arvind Panagariya -- Central Europe during the 1990s: from unilateralism to bilateralism / Patrick A. Messerlin -- Political economy of unilateral trade liberalization: the case of Chile / Sebastian Edwards and Daniel Lederman -- Unilateral and reciprocal trade reform in Latin America / Rachel McCulloch -- Unilateral international openness: the experience of the U.S. financial services sector / Lawrence J. White -- Japanese big bang as a unilateral action / Koichi Hamada -- Internet-induced liberalization and reciprocity: the case of telecommunications / Cynthia Beltz Soltys.

Print version record.

An analytic and empirical study of unilateral trade liberalization agreements, from the nineteenth century to the present.Since the end of World War II, the freeing of trade has been most visible in reciprocal liberalization agreements negotiated under the General Agreement on Tariffs and Trade, or GATT, and through increasing bilateral and plurilateral agreements. There has also, however, been a significant, if less visible, unilateral freeing of trade by several nations.This book, based on a research project directed by Jagdish Bhagwati, examines the experiences with such unilateral trade liberalization. Part 1 considers historical experiences, following Britain's unilateral embrace of free trade. Part 2 discusses recent examples, and Part 3 discusses unilateral liberalization in specific sectors. The substantive introduction provides a synthesis of the findings as well as theoretical support. It argues that although unilateral freeing of trade is generally less beneficial than reciprocity, it can trigger "sequential" reciprocity through example or by encouraging lobbies abroad to favor trade expansion.

English.

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