If safeguards have any useful role to play in the trading system, their ability to play that role going forward is in some jeopardy.

The standard economic case for free trade counsels against the use of safeguards.

GATT Article XIX(1) provides. . .

The term safeguards refers to trade intervention by national governments to address the injurious effects of import surges on import-competing industries.

Although it is tempting to think of ROOs as necessary bureaucratic nuisances, they are often far more.

There are four common criteria for defining rules of origin.

Rules of origin (ROOs) specify the conditions under which a good is deemed to originate from a country and hence is eligible for preferential treatment.

TheRicardianmodel was introduced long ago to explain one of the most basic concepts of economics, comparative advantage. . .

Before considering several extensions of the simple model described here, it is reasonable to ask what extensions would not be acceptable. . .

The simple Ricardian model depicts a world of two countries, A and B, each using a single factor of production, labor L, to produce two goods, X and Y.