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Cato Podcast

Trading Alone

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 10 July 2006

⏱️ 10 minutes

🧾️ Download transcript

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Transcript

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0:00.0

Welcome, I'm Anastasia Glova bringing you the Cato Daily Podcast.

0:04.0

Full and edited versions of our podcasts are available on our website at

0:08.0

W.W. Kato.org

0:11.0

When no agreement can be reached no agreement is necessary trade barriers should be lowered

0:16.8

regardless of whether once trading partners make concessions so argues Professor

0:21.1

Jugdish Pagwati a member of the Advisory Board at the Cato Center for Trade Policy Studies in going alone, the case for relaxed reciprocity in freeing trade.

0:30.0

In a phone interview with the Cato Institute, Professor Brigitte explains why unilateral liberalization is the way to go.

0:38.0

You've produced extensive research most recently culminating in the book Going Alone, in which you've made the case again and again that trade is good and free trade is even better

0:46.6

After what happened at the Doha round how do we get there? Oh the Doha round is still not dead.

0:52.8

I mean, you know, do you frequently get deadlines

0:55.2

which are not filled?

0:56.9

This happened with Euro-Oru-Oru-E-RAN

0:58.1

which went on for over eight years

1:00.1

and before that the Tokyo round was about five years so this is still in our

1:04.2

fifth year of negotiations and I think the real deadline at the moment is this

1:08.7

really end of July and so people will probably come back but the main problem of course is that all the countries

1:15.6

which you're in real play in terms of making concessions, which is of course the wrong kind of word

1:20.4

to use, because trade liberalization, your own trade liberalization is good

1:24.9

for you also.

1:27.1

So the language of concessions is in a sense slightly misleading to say the least.

1:32.2

So I think what you have is a situation where people are

1:35.8

still not willing to play and I think they're still holding their cards close to the

...

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