Unilateral Trade Liberalization Could Unlock Deeper Global Cooperation
The article discusses whether countries should get credit for making trade policy changes on their own before multilateral negotiations. The researchers suggest that giving credit after negotiations can encourage more countries to make changes between negotiation rounds. This could lead to deeper trade liberalization and encourage countries to go further than they would without this rule. Giving credit at the end of negotiations can help reduce the gains from keeping trade barriers and may not rely on countries being generous to each other.