The Political Economy of Trade and Countries Motivations for Cooperating on Foreign Trade PoliciesAuthor: Zdzisław W. Puślecki
The main aim of the article is the analysis of the political economy of trade and countries motivations for cooperating on trade policies. The subject of the discussion and theoretical contribution in the undertaken research program is presents the new tendencies in the foreign trade policy and the increasing importance of bilateral agreements. It is important to underline that a few multinational firms are responsible for a major share of world trade. On the one hand, these firms should support regulatory harmonization across different Preferential Trade Agreements (PTAs) in order to lower trade costs. On the other hand, they might also resist harmonization – and encourage certain non-tariff measures – in order to prevent new competitors from entering markets. This may partly explain the persistence of regulatory divergence, and suggests that the political economy of regulatory convergence may be more complex than is sometimes suggested. The main method applied in this research was a method of scientific study. It was used the institutional method, comparative method, the documentation method and statistical methods. It were applied also the descriptive method.