Comments on: Self-enforcing agreements http://www.tradediversion.net/archives/2007/08/self-enforcing-agreements.html Commentary on development, globalization, and trade by Jonathan Dingel Mon, 08 Mar 2010 08:56:20 -0800 http://wordpress.org/?v=2.8 hourly 1 By: Jim http://www.tradediversion.net/archives/2007/08/self-enforcing-agreements.html/comment-page-1#comment-199 Jim Thu, 23 Aug 2007 22:27:09 +0000 http://www.tradediversion.net/?p=592#comment-199 Yup, agree with all that, should probably direct my points to Leeson himself I suppose! Yup, agree with all that, should probably direct my points to Leeson himself I suppose!

]]> By: Jonathan Dingel http://www.tradediversion.net/archives/2007/08/self-enforcing-agreements.html/comment-page-1#comment-198 Jonathan Dingel Thu, 23 Aug 2007 06:17:16 +0000 http://www.tradediversion.net/?p=592#comment-198 I don't make the broader claim that the global economy is self-organizing. The agreement is simply self-enforcing. There's no big stick backing WTO DSP decisions or tariff ceilings. Self-enforcing agreements amongst agents that are states may differ in nature from self-enforcing agreements amongst agents that are individuals, in terms of how the 'players' behave or decide strategies, so the logic is not identical. I merely wanted to highlight the role of self-enforcing agreements in the global economy that both Leeson and Rodrik neglected. I don’t make the broader claim that the global economy is self-organizing. The agreement is simply self-enforcing. There’s no big stick backing WTO DSP decisions or tariff ceilings.

Self-enforcing agreements amongst agents that are states may differ in nature from self-enforcing agreements amongst agents that are individuals, in terms of how the ‘players’ behave or decide strategies, so the logic is not identical. I merely wanted to highlight the role of self-enforcing agreements in the global economy that both Leeson and Rodrik neglected.

]]> By: Jim http://www.tradediversion.net/archives/2007/08/self-enforcing-agreements.html/comment-page-1#comment-197 Jim Thu, 23 Aug 2007 04:04:25 +0000 http://www.tradediversion.net/?p=592#comment-197 Doesn't the fact that the constituents of the WTO are states (rather than individuals or firms) undermine the claim that the global economy is self-organising, though? Similarly, firms may find ways to deal with foreign counterparts by themselves and without state interference, but this often involves aligning standards, systems or regulations created by states in the first place. I think Leeson's chosen a pretty poor example to support his case. Doesn’t the fact that the constituents of the WTO are states (rather than individuals or firms) undermine the claim that the global economy is self-organising, though? Similarly, firms may find ways to deal with foreign counterparts by themselves and without state interference, but this often involves aligning standards, systems or regulations created by states in the first place. I think Leeson’s chosen a pretty poor example to support his case.

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