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Non-Tariff Barriers, Regionalism and Poverty is a collection of key
articles in three important areas of applied international trade
research: measuring non-tariff barriers and their effects, the
consequences of regional trading arrangements, especially on the
countries excluded from them, and the connection between
international trade and poverty. Drawing from 30 years of research
and experience, L Alan Winters illustrates the development of
techniques of this field and his continued commitment to answering
real policy questions at the times at which they are debated. The
collection shows the ways in which economic and econometric
analysis can be used to answer real-world problems rigorously in
the area of international trade and trade policy. Readers will find
that some of the research included is of current methodological
relevance and some of more historical significance. This volume is
invaluable to anyone who is keen on developing their knowledge on
trade policy, regionalism or poverty - three pressing issues in
today's globalized world.
Much research has been devoted to the consequences of the
completion of the European internal market in 1992. Existing
estimates of the effects of market integration remain exploratory,
however, and many important issues have yet to be adequately
addressed. These are the issues concerning this book. Edited by L.
Alan Winters and Anthony Venables, the volume examines such
questions as the extent of gains to be expected from both
'internal' and 'external' economies of scale following integration,
the implications of 1992 for the European Community's trade with
its traditional EFTA partners, the potentially valuable new East
European markets, and the rest of the world. There are also
chapters considering the implications of the internal market for
the design of appropriate technology and taxation policies, and a
study of the role of Japanese foreign direct investment in European
manufacturing.
Negotiating the liberalization of world agricultural trade in the
World Trade Organization (WTO) is fraught with difficulty due to
the complexity of the issues and the wide range of interests across
countries. In the round of global trade negotiations under the WTO,
different perspectives on trade reform have produced a highly
contentious agenda. These issues are addressed from a range of
perspectives in this survey of the trade agenda and its
implications for both developing and developed countries.
Agricultural trade specialists, including those in universities, in
international organizations and think tanks, analyse a
comprehensive range of topics including interests and options in
the WTO trade negotiations, the trade agenda from a development
patent perspective, WTO trade rules, trade barriers, tariff
negotiations and patent protection for developing countries.
The fifteen years of the GATT between the conclusion of the Tokyo
Round in 1979 and the finalisation of the Uruguay Round in 1994
witnessed a sea change in attitudes toward the role of
international trade in developing countries. The shift in
orientation toward relatively open trading systems was reflected in
the attitudes and participation of developing countries in the
Uruguay Round. They involved themselves fully in formulating the
rules of the new trading system, and also made significant offers
to reduce tariff protection. This volume provides an assessment of
the economic impact of the Uruguay Round of the GATT on the
developing countries. The authors, all leading international trade
economists, examine all aspects of the agreement and conclude that
the cuts in protection should strengthen the world trading system
and result in increases in the real incomes in developing
countries.
Much recent research has been devoted to the consequences of the
completion of the internal market in 1992. Existing estimates of
the effects of market integration remain very preliminary, however,
and many important issues have yet to be adequately addressed.
These formed the subject of a conference on "The Impact of 1992 on
European Trade and Industry" held by the Centre for Economic Policy
Research. This book reports the proceedings of that conference. The
contributors to the volume address such issues as the gains to be
expected from both "internal" and "external" economies of scale
following integration, and the implications of 1992 for the
Community's trade with both its traditional EFTA partners, the
potentially valuable new East European markets, and the rest of the
world. The volume also contains papers considering the effects of
the completion of the internal market on the design of appropriate
technology and taxation policies and a study of the role of
Japanese foreign direct investment in European manufacturing.
The interaction between macroeconomic and agricultural sector
reforms is of vital importance to developing and East European
economies, whose agricultural sectors account for major shares of
economic activity and income. Derived from a conference organised
jointly by the Centre for Economic Policy Research and the OECD
Development Centre, the papers in this volume adopt an open economy
perspective to reform, and throw light on the sequencing of reforms
in the context of structural adjustment and 'intersectoral
imbalance'. Leading international figures examine the stabilisation
of agricultural prices and income, the public finance dimensions of
agricultural reform, and the prospects for policies of
liberalisation and trade reform currently being adopted in many
developing and East European countries.
Commodity markets are of considerable interest and importance to
economists, econometricians and dealers. This book reports the
proceedings of a major international conference on Primary
Commodity Prices: Economic Models and Policy, held in London under
the auspices of the Centre for Economic Policy Research in March
1989. A range of papers by leading international authorities cover
topics such as expectations formation in econometric commodity
market models; price determination in the market for aluminium; the
estimation of dynamic disequilibrium models with rational
expectations; the prices of perennial crops; modelling the effects
of foreign and domestic policies on agricultural prices; exchange
rate volatility and commodity prices; long-run influences on
petroleum prices; price stabilization versus financing in commodity
policy; and a comparison of forward markets and buffer stocks as
commodity earnings stabilizers. A key feature of this book is its
development of the policy implications of recent theoretical and
empirical work in the field of commodity economics. Most papers are
accompanied by discussants' comments to draw out their technical
and policy implications.
This collection of essays provides the definitive survey of the importance of agricultural reform to the future of the world's trading system. There is growing consensus concerning the need to reduce the level of subsidies in agriculture and to open up the markets of the developed world more to the farmers of the developing world. However, while non-governmental organizations such as Oxfam may agree on this point with free trade economists, governments in Europe and the U.S. seem reluctant to give up their protectionist habits.
This book applies rigorous economic analysis to the question of
sustainable development. It considers the inter-relationship
between growth and sustainability showing that one does not
necessarily exist to the detriment of the other. Sustainability may
be measured and defined in national accounting terms and the
contributors explore a potentially powerful theoretical definition.
Case studies on Morocco and China examine some of the domestic
policy requirements of sustainability, revealing the desirability
of quite complex combinations of policies. International policy
aspects of sustainability are considered, such as technology
transfers and the establishment of workable agreements to reduce
global pollution. The volume demonstrates the need to build the
sustainability debate on sound economic foundations, and the
ability of economists to provide such foundations.
The World Bank organized a conference in 1999 to analyze issues and
options prior to the December 1999 World Trade Organization (WTO)
meeting. Papers included in this book were commissioned for this
conference to highlight the main trade issues of importance to
different regions of the world. The papers include perspectives
from Africa, East Asia, South Asia, Latin America and the
Caribbean, Central and Eastern Europe, and industrialized
countries. The book contains a chapter on multilateral agricultural
policy reform.
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