Journal Article

Achieving fair trade through a social tariff regime: a policy thought experiment

George F. DeMartino, Jonathan D. Moyer and Kate M. Watkins

in Cambridge Journal of Economics

Volume 40, issue 1, pages 69-92
Published in print January 2016 | ISSN: 0309-166X
Published online December 2014 | e-ISSN: 1464-3545 | DOI: https://dx.doi.org/10.1093/cje/beu066
Achieving fair trade through a social tariff regime: a policy thought experiment

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This paper pursues a fair trade policy thought experiment that (i) presents the Social Index Tariff Structure (SITS) regime and (ii) simulates a multilateral SITS regime using bilateral trade flow data. A SITS regime seeks to promote strong labour and environmental standards and other initiatives that engender human development, equality and sustainability. It does this by institutionalising both the incentives and means for countries to enhance their performance in these areas. We demonstrate that a multilateral SITS regime would generate substantial and stable flows of development funds while incentivising an international ‘race to the top’ in labour and environmental standards and, more broadly, in human development, equality and sustainability.

Keywords: International trade policy; Fair trade; Human development; Equality; Sustainability; F13; F16; F18

Journal Article.  11417 words.  Illustrated.

Subjects: International Trade

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