During the nineties, Europe became a major recipient of FDIs but Italian regions have been largely excluded from this process. Was it due to their characteristics, or were Italian regions “doomed” by a negative country effect? In this paper we address this issue by estimating the determinants of multinational firms’ location choices in 52 EU regions. We find that Italian regions indeed attracted significantly less than their observable potential, and that this could be explained by the inefficiency of the bureaucratic apparatus and of the legal system. The effect of taxes is instead strongly sensitive to the inclusion of agglomeration variables and is asymmetric across regions.
Article

# L'avenir du multilatéralisme commercial ?

- March 2004

- Management & Avenir n° 1(1):123

- n° 1(1):123

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## Abstract

Résumé Après la consécration du système commercial multilatéral intervenue à l’issue de l’Uruguay Round (1986 – 1994) avec la création d’une véritable organisation mondiale du commerce (OMC) dotée d’un mécanisme de règlement des différends, la dynamique des négociations internationales semble désormais victime de son succès. En effet, le doublement du nombre des pays membres ainsi que l’hétérogénéité nouvelle des volets de l’agenda de Doha ont paralysé l’institution depuis l’échec de la conférence de Cancun en septembre dernier. Après avoir succinctement présenté l’économie générale des règles commerciales multilatérales, la présente étude a vocation à analyser les facteurs de blocage des négociations et de proposer des pistes de relance. Nous pensons que des avancées significatives au sein des institutions existantes ne pourront être accomplies qu’avec une véritable prise en compte des attentes des pays en développement (PED) et une meilleure articulation des différents sujets du Doha Development Agenda.

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## References (19)

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Article

Full-text available

During the nineties, Europe became a major recipient of FDIs but Italian regions have been largely excluded from this process. Was it due to their characteristics, or were Italian regions “doomed” by a negative country effect? In this paper we address this issue by estimating the determinants of multinational firms’ location choices in 52 EU regions. We find that Italian regions indeed attracted significantly less than their observable potential, and that this could be explained by the inefficiency of the bureaucratic apparatus and of the legal system. The effect of taxes is instead strongly sensitive to the inclusion of agglomeration variables and is asymmetric across regions.

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Article

Article

Article

This paper elaborates on a number of key principles that need to underpin a coherent and development-friendly architecture for the WTO. The key principles include enlarging the scope of WTO bargaining to include labor flows as well as capital flows; creating a structure that would provide a balance between furthering liberalization and providing some discretion or policy space to accommodate the inevitable political constraints; and minimizing the extent of regulatory harmonization. These principles, while applicable to all countries, may have less immediate relevance in addressing the problems of the least developed countries.

Show abstract

The WTO Promotes Trade, Strongly But Unevenly

- Subramanian Arvind

- Holmes Peter

L’Organisation mondiale du commerce”, Edition la Découverte

- M Rainelli

Le système des règlements des différents de l’Organisation mondiale du commerce (OMC)”, RGDIP

- E Canal-Forgues

The WTO promotes trade, strongly but unevenly” IMF Working paper

- S.-J Subramanian
- Wei

La mondialisation et ses ennemis”, Grasset

- D Cohen

Réflexions sur l’OMC lors du 50e anniversaire du système multilatéral commercial”, JDI

- C Lafer

L’Organisation mondiale du commerce - Droit institutionnel et substantiel” Bruylant

- T Flory

Les relations économiques entre l’Union européenne et les Etats-Unis”, Rapport de l’Assemblée nationale n° 1386

- J.-C Lefort

La grande désillusion”, Fayard

- J Stiglitz

La naissance discrète d’une juridiction mondiale des échanges”, le Monde, 25 mars

- P Messerlin

OMC : droit institutionnel”, JCL droit international

- H Ruiz Fabri

Pour une relance du cycle du développement : refonder le consensus multilatéral après Cancun

- J.-M Paugam

The multilateral trading system : quo vadis?”, IMF Working paper

- A Mattoo
- P Subramanian
- Sauvé

Les évaluations économiques du cycle de Doha : des résultats contrastés pour un sud hétérogène

- S Perrin

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