Fair Trade and Harmonization, Volume 2

Fair Trade and Harmonization, Volume 2

Legal Analysis

Edited by Jagdish N. Bhagwati and Robert E. Hudec





The original contributions in Fair Trade and Harmonization investigate the growing conflict between free trade policies and the domestic environmental, labor, and antitrust policies of individual nations. They clarify the issues and offer a critical economic and legal analysis of the contending positions along with a series of proposals for resolving or reconciling them. Taken together, the two volumes present a comprehensive catalog of the government actions that are causing conflict in these areas and a critique of the existing scholarly literature on the subject. In each area, the contributors extensively discuss and analyze forms of policy harmonization and the arguments for and against it, with a goal of better understanding as a constant throughout. A more particular goal, however is to take a sober second look at, and impose some restraint upon, the growing chorus of demands to push aside the existing trade institution (the World Trade Organization) in the name of social policies, especially those regarding environmental and labor rights.

ContributorsVolume 2: Kenneth W. Abbott, Richard D. Boltuck, Ronald A. Cass, Daniel A. Farber, Daniel J. Gifford, Brian Hindley, Robert E. Hudec, Brian A. Langille, Virginia A. Leary, Mitsuo Matsushita, Frieder Roessler


$95.00 X ISBN: 9780262024020 500 pp. | 6.2 in x 9.1 in


Jagdish N. Bhagwati

Jagdish N. Bhagwati is University Professor of Economics, Law, and International Relations at Columbia University and former Adviser to the Director General of GATT, Arthur Dunkel. He is the author (with Arvind Panagariya) of Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries.

Robert E. Hudec


  • In this remarkable two volume work, a dazzling assembly of economic and legal scholars have struggled with some of the most perplexing international trade policy problems facing the post Uruguay Round world. This work is destined to help shape the agenda of the new World Trade Organization in its formative years, and will be an indispensable point of departure for further scholarships.

    John H. Jackson

    Hessel E. Yntema Professor of Law, University of Michigan

  • These relatively accessible volumes offer one-stop shopping for those who need to come up to speed on the thorniest of emerging trade issues. While the overview constitutes a powerful defense of open trade, Bhagwati, Hudec and company are more than fair to critics across the spectrum.

    Peter Passell

    Economics Columnist for The New York Times

  • A sophisticated economic and legal analysis of major-post-Uruguay Round trade sincere andards and competition policy issues are all treated in depth. So too are U.S. unilateral action, the role of WTO, and the interaction of WTO and other international forums.

    Kenneth W. Dam

    Max Pam Professor of American and Foreign Law, University of Chicago, and former Deputy Secretary of State

  • There is no other area of international cooperation and negotiation, where economic and legal aspects are so much intertwined as in trade. That Professor Jagdish Bhagwati, former personal advisor on economic matters to the Director General of GATT, and Professor Robert E. Hudec, one of the most respected analysts of the legal aspects of the multilateral trading system, have joined forces, together with a number of other outstanding economists and lawyers to publish a series of essays on 'Trade and Harmonization', is therefore a rare achievement which deserves proper acknowledgement.

    Dr. h.c. Arthur Dunkel

    International Consultant former Director General of GATT

  • The subject of these volumes is of enormous importance to the world economy, and perhaps even more broadly than that. Harmonization has crept up on the academic community as an applied area of great appeal and policy significance. These volumes will help to educate the policy and research communities to both our collective intellectual progress on these highly important issues, and our need for more research on the shoulders of the work collected here.

    Robert Willig

    Professor of Economics and Public Affairs, Woodrow Wilson School of Public and International Affairs, Princeton University

  • The move of trade policy inside the border and the push to system harmonizatiopment in the global environment since the creation of the postwar trading system. Only the combined expertise and vision of Bhagwati and Hudec could have produced this comprehensive treatment of all key issues.

    Sylvia Ostry

    Chairman, Centre for International Studies

  • The key question for global governance in our era is 'when should national policies be harmonized?' In these pathbreaking volumes, leading economic and legal scholars use their disciplines to provide us with the answer. I expect that for years to come, both scholars and policy makers will be turning to these papers for guidance on the most important policy issues on the new trade agenda.

    Robert Z. Lawrence

    Albert I. Williams Professor of International Trade and Investment, John F. Kennedy School of Government, Harvard University

  • Does liberal trade require further harmonization of competition, investment, environmental, labour, social and other divergent rules? Under what conditions is 'competition among rules' to be preferred? This long awaited book on one of the key issues of international relations should become mandatory reading for policymakers, academics and students all over the world.

    Ernst-Ulrich Petersmann

    Legal Adviser, Professor of Law at the University of St. Gallen and at the Geneva Graduate Institute of International Relations

  • These two volumes edited by Jagdish Bhagwati and Robert Hudec are extremely well-written. They provide valuable insights into the `trade and' agenda whether the environment labor or competition policy. Everyone interested in trade will benefit from the comprehensive treatment presented here.

    Carla A. Hills

    Chairman & CEO Hills & Company International Consultants; former U.S. Trade Representative 1989-1993