The need for countries to facilitate trade and to reduce the
transactions costs plaguing trade is receiving a lot of interest in
policy circles, and in particular in the WTO, where trade
facilitation has been one of the few good stories in recent
multilateral negotiations. Is this interest justified? What have
economic theory and empirical findings to contribute to our
understanding of the value of free trade? This authoritative
two-volume set, edited by two leading scholars in the field, offers
a collection of seminal articles that have led our economic
thinking on these issues and encouraged a new and growing
literature. This important work, along with an original
introduction by the editors, will be of immense value to scholars
and practitioners interested in the topic of trade costs and
facilitation.
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