- Series Information
- The Oxford Handbook of Economic and Institutional Transparency
- List of Figures and Tables
- List of Contributors
- The Multifaceted Concept of Transparency
- Constitutional Transparency
- Monetary Policy Transparency
- Fiscal Policy Transparency
- Transparent and Unique Sovereign Default Risk Assessment
- Transparency and Competition Policy in an Imperfectly Competitive World
- Transparency in International Trade Policy
- Transparency of Climate Change Policies, Markets, and Corporate Practices
- Transparency of Human Resource Policy
- Transparency of Innovation Policy
- Labor Market Transparency
- Transparency of Financial Regulation
- Price Transparency and Market Integration
- Transparency and Inward Investment Incentives
- Transparency and Corruption
- Multinational Corporations’ Relationship with Political Actors: Transparency versus Opacity
- Corporate Governance and Optimal Transparency
- Transparency Differences at the Top of the Organization: Market-Pull versus Strategic Hoarding Forces
- Governance Transparency and the Institutions of Capitalism: Implications for Finance
- Transparency and Executive Compensation
- Transparency and Disclosure in the Global Microfinance Industry
- Accounting Transparency and International Standard Setting
- Transparency of Fair Value Accounting and Tax
- Transparency of Corporate Risk Management and Performance
- Stress Testing, Transparency, and Uncertainty in European Banking: What Impacts?
- Author Index
- Subject Index
Abstract and Keywords
This chapter focuses on transparency in the context of trade policy. It begins by considering the issue of “policy transparency” and the implications of improved transparency on uncertainty. It then examines “regulatory transparency” as well as issues related to transparency in the context of free trade agreements. It also highlights the net effects of transparency on trade and income and introduces the concept of “conveyance,” which stresses the importance of “advocacy.” Next, it discusses the potential effects of greater transparency in regional trading arrangements. In spite of the inherent difficulties in quantifying transparency measures and estimating their economic effects, improvements in transparency appear to have the potential to increase trade and economic welfare significantly.
Michael G. Plummer, Eni Professor of International Economics at the School of Advanced International Studies (SAIS) the Johns Hopkins University, Bologna, Italy.
Alissa Tafti, Formerly, Independent International Trade Consultant. Currently, International Economist at the United States International Trade Commission, Washington, DC.
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