Gary Clyde Hufbauer’s research while affiliated with Peter G. Peterson Institute for International Economics and other places

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Publications (158)


Nicholas Mulder: The economic weapon: the rise of sanctions as a tool of modern war: Yale University Press, 2022
  • Article

December 2022

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13 Reads

Business Economics

Gary Clyde Hufbauer





Introductory Remarks by Gary Hufbauer

December 2017

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7 Reads

Proceedings of the ASIL Annual Meeting

Thanks. Let me just check first that you can hear me. Can the people in the back hear me? You cannot? Well, I'll try shouting a bit louder. How are we doing now? Better. Okay. Well, I'll try to shout directly into these microphones.





How will TPP and TTIP Change the WTO System?

September 2015

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543 Reads

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46 Citations

Journal of International Economic Law

The rise of new free trade agreements in the 1990s and early 2000s altered the dynamic of the World Trade Organization (WTO) as the arbiter of world commerce forever. Moreover, WTO negotiating rounds over the past decade have been beset with irreconcilable objectives among WTO members, with emerging market members fundamentally opposed to opening their markets to exports from advanced countries. The consequence was scant progress and missed deadlines, culminating in the failed Geneva Ministerial of 2008. At the Bali Ministerial in 2013, the WTO members could only muster strength to endorse the Trade Facilitation Agreement, while postponing action on numerous and more contentious Doha issues. The cumulative result is that the WTO is now at the back of the parade in addressing 21st-century trade issues. Two mega-regionals—the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP)—will undoubtedly change the multilateral trading system. This article assumes both negotiations will be concluded and ratified by 2018. However, even if neither mega-regional agreement succeeded, their negotiating objectives and ultimate stumbling blocks will shape the future of the WTO. If WTO members collectively reject the lessons, the institution will fade as an arbiter of commercial relations between nations.


Citations (62)


... The preambles of these three FTAs highlight that the parties are ''affirming their support for the participation of the Parties in the establishment of an expanded free trade area in the Middle East that would contribute to economic liberalization and development in the region''. The United States had similar designs in parlaying country-level FTAs in the Western hemisphere into a regional FTAA (Hufbauer and Kotschwar, 1998). Even the agreements with Singapore and Korea refer to the goal of enhancing regional integration in the Asia-Pacific region. ...

Reference:

Multilateralizing TRIPs‐Plus Agreements: Is the US Strategy a Failure?
The Future Of Regional Trading Arrangements in the Western Hemisphere
  • Citing Chapter
  • September 2000

... Another research area a researcher can focus on is Automated and Personalized Email Marketing (Shifhuddin, 2022). Like most other rms operating in the twenty-rst century, email marketing increasingly relies on machine learning and arti cial intelligence (Hufbauer & Jung, 2021). Technical improvements, both digital and analog, have helped pave the way for the development of marketing automation, which makes it possible to tailor communications to a speci c target audience depending on the information in that audience's pro le (Behera et al., 2021). ...

Economic sanctions in the twenty-first century
  • Citing Chapter
  • December 2021

... In the economic realm, weighted voting schemes gave the U.S. veto power over decisions of the IMF and the World Bank. When the Bretton Woods monetary order began to work against American interests in the early 1970s, the U.S. unilaterally changed the rules by abandoning the gold standard (Elliott and Hufbauer, 2002:379–382). The status of the dollar as a key reserve currency in the world monetary system provided the U.S. government with seignorage benefits as other countries held dollars in cash form without immediately trading them for goods and services or collecting interest. ...

15. Ambivalent Multilateralism and the Emerging Backlash: The IMF and WTO
  • Citing Chapter
  • December 2002

... .The WTO has been likened to a mast to which -like Odysseus -governments can tie themselves to escape the siren-like calls of domestic interest groups and even, to some extent, of their voters'. 59 5. Comprehensive coverage-the domain of the regulatory system is coextensive with the domain of the problem The WTO rules are comprehensive in their coverage geographically as well as functionally. WTO obligations cover 153 Members 'comprising 93% of world trade, and 87% of world population'. ...

Rules for the Global Economy
  • Citing Book
  • July 2009

... force in the cited texts-in and of itself-shows that the two categories were meant to be evaluated as, at the very least, comparable by the framers of the declarations. 29 The UN declarations on friendly relations and nonintervention were intended to be authoritative sources for the interpretation of the UN Charter and were quasi-unanimously adopted as such. 30 The case has been made for a narrow interpretation of Article 2(4) of the UN Charter, arising specifically from the declaration on friendly relations. ...

What's new in economic sanctions?
  • Citing Article
  • November 2020

European Economic Review

... Con todo, el refuerzo del procedimiento amistoso y el avance del arbitraje han sido celebrados por los oponentes al proyecto BEPS como la única medida realmente válida, aunque la encuentren tibia (Hufbauer et al., 2015) 76 . ...

The OECD's 'Action Plan' to Raise Taxes on Multinational Corporations
  • Citing Article
  • January 2015

SSRN Electronic Journal

... There have been no agreements among analysts. Nor is any WTO jurisprudence on the issue (Stiglitz, 2006;Bhagwati and Mavroidis, 2007;Hufbauer and Kim, 2009). However, free allocations do not seem to raise the hackles to the same extent as border adjustments to be discussed in Section 5 for at least two reasons. ...

Climate Policy Options and the World Trade Organization
  • Citing Article
  • Full-text available
  • December 2009

Economics E-Journal

... Following the 2008 global financial crisis, a rise in anti-globalization sentiment saw the emergence of unilateralism and protectionism. On a global scale, multilateralism shifted towards regionalism, with regional bilateral and multilateral free trade agreements such as TPP, TTIP, and TISA emerging [39]. These regional trade agreements not only accelerated the adjustment and restructuring of global industrial chain layouts, but they also had a significant influence on global trade and investment rule standards. ...

How will TPP and TTIP Change the WTO System?
  • Citing Article
  • September 2015

Journal of International Economic Law

... At the multilateral level, the WTO also addresses investment, but in a more discrete manner. Further, the evidence of the intermingling of trade and investment flows now prompts growing reflection on what some characterise as an artificial separation between the trade and investment regimes (Hufbauer 2014). Proponents of this view argue that the incorporation of investment into trade agreements is not only justified but vital given the changing realities of economic activity (Hufbauer and Moran 2015;Quick 2015). ...

Rules of the International Trade, Investment, and Financial Systems: What they Deliver, how they Differ, the way Forward
  • Citing Article
  • December 2014

Journal of International Economic Law

... The competition law is one of many highly controversial laws. Even the World Trade Organization (WTO) has considered the law governing competition (and its application) reasonably controversial (Hufbauer & Kim, 2009). One of the reasons is the articles contained in it. ...

International Competition Policy and the WTO
  • Citing Article
  • June 2009

The Antitrust Bulletin