Robert W. McGee

Abstract: The World Trade Organization, which came into existence at the conclusion of the Uruguay Round, is in charge of administering a plethora of new trade rules. The main thrust of the new rules is to reduce or abolish tariffs and quotas on a wide range of products. Some tariffs and quotas were abolished immediately, but others will not be abolished, or even reduced, for several years. Unfortunately for Korea, several of Korea's major exports, especially in the area of textiles, will continue to face relatively unfavorable tariffs and quotas for many years to come, partly because of the successful efforts of protectionists to delay the implementation of tariff and quota reductions on these goods. The WTO rules also include some less obvious protectionist measures, most notably in the areas of environmental and labor standards and antidumping. Korean companies stand to be adversely affected by these hidden protectionist measures. This paper discusses some of the potentially adverse effects that WTO rules are likely to have on Korean companies and makes suggestions for reform.

TL;DR: In this paper, an ordered probit regression model is applied to study the effects of socio-demographic and institutional variables on individual tax morale in Russia before and after the introduction of flat tax reform in 2001.

TL;DR: The authors discusses some of the restrictive trade policies the United States imposes on the People's Republic of China (PRC) and concludes that these policies are counterproductive and should be changed, and gives an analysis of these policies.

TL;DR: In this paper, the authors discuss the philosophy of protectionism and analyze the various arguments that have been given to support it over the years, concluding that protectionism results in a deadweight loss to the economy.

TL;DR: In this article, the use and abuse of antidumping laws by the steel industry in the United States is discussed, followed by discussions and analyses of selected antidumping cases involving Russian and Ukrainian companies and industries.