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2020 | OriginalPaper | Chapter

5. Conclusion

Author : Aydin Baris Yildirim

Published in: Value Chains and WTO Disputes

Publisher: Springer International Publishing

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Abstract

This chapter outlines the main findings of the book and proposes further research avenues. In doing so, it also provides an overview of the implications of its findings for trade politics in general, especially considering the growing economic nationalist rhetoric that have led to rising trade tensions across the globe. The primary finding of the book is that value chains shape preferences of firms and sectors toward open trade policies. This can be observed at the WTO dispute settlement and in response to WTO litigation, through which organized interests have mobilized for swift compliance with the rulings of the WTO panels. Moreover, we can observe such international firms’ and sectors’ mobilization beyond the WTO and opposing trade-restrictive measures enacted in the context of trade tensions across the globe. These observations indicate that even without a fully functioning WTO dispute settlement mechanism, there may be less to worry about backtracking an open world economy.

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Footnotes
1
See also, Orefice and Rocha (2014), Eckhardt (2015), Eckhardt and Poletti (2016), Jensen et al. (2015), Kim (2015), Manger (2009), and Milner (1987).
 
2
See, Christian Bluth, A Safety Net to Foster Support for Trade and Globalisation, International Survey on Attitudes towards Trade and Globalisation, Bertelsmann Stiftung. Available via: https://​ged-project.​de/​globalization/​a-safety-net-to-foster-support-for-trade-and-globalisation/​. Accessed on 20 June 2020.
 
3
See, for instance, Levine and Meyer, “Lobbyists Rake in Cash But Can’t Kill Trump Tariffs,” Politico, 6 May, 2018. Accessed on January 29, 2020 via: https://​www.​politico.​com/​story/​2018/​06/​05/​lobbyists-tariffs-trump-strategy-618926. Regarding retailers’ lobbying, see Alex Gangitano, “Top U.S. Retail Companies Urge White House Against More Tariffs on China,” The Hill, 13 June, 2019. Accessed on January 29, 2020 via: https://​thehill.​com/​business-a-lobbying/​448462-top-us-retail-companies-urge-white-house-against-more-tariffs-on-china.
 
4
 
5
See, for instance, Center for Responsive Politics 2019, Lobbying Issue Profile: Tariffs. Accessed on January 29, 2020, via: https://​www.​opensecrets.​org/​federal-lobbying/​issues/​summary?​cycle=​2019&​id=​TRF.
 
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Metadata
Title
Conclusion
Author
Aydin Baris Yildirim
Copyright Year
2020
DOI
https://doi.org/10.1007/978-3-030-49094-2_5