This volume provides a state of the art review of current thinking
on the full range of trade policy issues, addressing the economic
and political dimensions of international trade policy. The volume
contains a systematic examination of: - specific trade policy
instruments (such as tariffs, non-tariff barriers and trade rules)
- sectoral concerns (in agriculture, manufacturing and services) -
trade linkages (to issues such as the environment and labour
standards) - systemic considerations (what role for the WTO?) The
organising theme of the volume is that open markets for trade and
investment yield large potential gains in human welfare as long as
trade policy is conducted as an integral part of broader domestic
economic management and regulatory reform, and as long as the
particular challenges facing developing countries are effectively
addressed. This 'case' is presented on the basis of rigorous
analysis of first principles and of empirical experience among key
trading nations. An integrated set of original and comprehensive
perspectives from a diverse group of experts, linked by a common
organisational thread. The contributing authors create an ideal mix
of internationally recognised experts together with younger
specialists making their mark in trade policy analysis; academics
as well as trade policy practitioners; and representatives of both
developed and developing countries.
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