Trade liberalization and regional integration: implications for 2020
After seven years of arduous negotiations under the auspices of the General Agreement on Tariffs and Trade (GATT), the Uruguay Round of multilateral trade negotiations was concluded in late 1993. The United States approved the agreement in late 1994, in time for the 1995 commencement of the new Worl...
| Main Authors: | , |
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| Format: | Brief |
| Language: | Inglés |
| Published: |
International Food Policy Research Institute
1995
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/157154 |
| _version_ | 1855532827412529152 |
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| author | Robinson, Sherman DeRosa, Dean A. |
| author_browse | DeRosa, Dean A. Robinson, Sherman |
| author_facet | Robinson, Sherman DeRosa, Dean A. |
| author_sort | Robinson, Sherman |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | After seven years of arduous negotiations under the auspices of the General Agreement on Tariffs and Trade (GATT), the Uruguay Round of multilateral trade negotiations was concluded in late 1993. The United States approved the agreement in late 1994, in time for the 1995 commencement of the new World Trade Organization (WTO), which will implement the agreement and provide the major forum for future trade negotiations. There have been a number of quantitative studies of the impact of world trade liberalization and of the formation of subregional free trade areas such as the North American Free Trade Agreement (NAFTA), Mercosur in South America, and the new Asia Pacific Economic Cooperation (APEC). Most of these studies focus on the impact of changes in policy, analyzing the efficiency gains and structural changes that might be induced by changes in import protection. The goal of such studies is not to project the future but to analyze the empirical mechanisms by which policy changes affect the world economy. In this brief, the authors discuss studies of world trade liberalization and studies of regional trading areas. Finally, they state that recent quantitative studies generally find that global trade liberalization yields substantially larger economic benefits, including benefits to agriculture, than the proliferation of regional trading arrangements. Thus, while increasing regionalism is emerging as an important element of the current international political economy, it is not a desirable outcome in itself. |
| format | Brief |
| id | CGSpace157154 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 1995 |
| publishDateRange | 1995 |
| publishDateSort | 1995 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1571542025-01-10T06:35:30Z Trade liberalization and regional integration: implications for 2020 Robinson, Sherman DeRosa, Dean A. trade liberalization trade policies regional development After seven years of arduous negotiations under the auspices of the General Agreement on Tariffs and Trade (GATT), the Uruguay Round of multilateral trade negotiations was concluded in late 1993. The United States approved the agreement in late 1994, in time for the 1995 commencement of the new World Trade Organization (WTO), which will implement the agreement and provide the major forum for future trade negotiations. There have been a number of quantitative studies of the impact of world trade liberalization and of the formation of subregional free trade areas such as the North American Free Trade Agreement (NAFTA), Mercosur in South America, and the new Asia Pacific Economic Cooperation (APEC). Most of these studies focus on the impact of changes in policy, analyzing the efficiency gains and structural changes that might be induced by changes in import protection. The goal of such studies is not to project the future but to analyze the empirical mechanisms by which policy changes affect the world economy. In this brief, the authors discuss studies of world trade liberalization and studies of regional trading areas. Finally, they state that recent quantitative studies generally find that global trade liberalization yields substantially larger economic benefits, including benefits to agriculture, than the proliferation of regional trading arrangements. Thus, while increasing regionalism is emerging as an important element of the current international political economy, it is not a desirable outcome in itself. 1995 2024-10-24T12:47:44Z 2024-10-24T12:47:44Z Brief https://hdl.handle.net/10568/157154 en Open Access application/pdf International Food Policy Research Institute Robinson, Sherman; DeRosa, Dean A. 1995. Trade liberalization and regional integration: implications for 2020. 2020 Policy Brief 12. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/157154 |
| spellingShingle | trade liberalization trade policies regional development Robinson, Sherman DeRosa, Dean A. Trade liberalization and regional integration: implications for 2020 |
| title | Trade liberalization and regional integration: implications for 2020 |
| title_full | Trade liberalization and regional integration: implications for 2020 |
| title_fullStr | Trade liberalization and regional integration: implications for 2020 |
| title_full_unstemmed | Trade liberalization and regional integration: implications for 2020 |
| title_short | Trade liberalization and regional integration: implications for 2020 |
| title_sort | trade liberalization and regional integration implications for 2020 |
| topic | trade liberalization trade policies regional development |
| url | https://hdl.handle.net/10568/157154 |
| work_keys_str_mv | AT robinsonsherman tradeliberalizationandregionalintegrationimplicationsfor2020 AT derosadeana tradeliberalizationandregionalintegrationimplicationsfor2020 |