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On the Virtues of Multilateral Trade Negotiations

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  • Kym Anderson

    ()
    (World Bank)

Abstract

Phasing out distortionary government subsidies and barriers to international trade will yield extraordinarily high benefits relative to any adjustment costs, notwithstanding the considerable reforms that have already taken place over the past two decades. This paper surveys recent estimates, using global economy-wide simulation models, of the benefits of reducing remaining distortions via unilateral reform, multilateral trade negotiations, and preferential trading arrangements. Distortionary trade policies harm most the economies imposing them, but the worst of them (in agriculture and clothing) are particularly harmful to the worldÂ’s poorest people. Opportunities to reduce remaining distortions, including via the WTOÂ’s Doha Development Agenda as compared with sub-global preferential reform, are examined, before drawing out the implications of liberalization for poverty and the environment.

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Bibliographic Info

Paper provided by University of Adelaide, Centre for International Economic Studies in its series Centre for International Economic Studies Working Papers with number 2005-15.

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Length: 44 pages
Date of creation: Aug 2005
Date of revision:
Handle: RePEc:adl:cieswp:2005-15

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Keywords: Trade policy reform; subsidy reduction; Doha Development Agenda.;

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Cited by:
  1. Kym Anderson & Will Martin & Dominique van der Mensbrugghe, 2007. "China, the WTO, and the Doha Agenda," Centre for International Economic Studies Working Papers 2007-02, University of Adelaide, Centre for International Economic Studies.
  2. Howard, Sam & Gow, Hamish R. & Ozer-Balli, Hatice, 2011. "New Zealand's Preferential Trading Arrangements: Implications for the New Zealand Dairy Industry," 2011 Conference, August 25-26, 2011, Nelson, New Zealand 115405, New Zealand Agricultural and Resource Economics Society.
  3. Moon, Wanki, 2010. "Multifunctional Agriculture, Protectionism, And Prospect Of Trade Liberalization," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 33(2), July.
  4. Philipp Maier, 2008. "A Wave of Protectionism? An Analysis of Economic and Political Considerations," Working Papers 08-2, Bank of Canada.
  5. Ramkishen S. Rajan & Reza Y. Siregar, 2007. "Models of Equilibrium Real Exchange Rates Revisited: A Selective Review of the Literature," Working Papers id:1198, eSocialSciences.

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