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The unbalanced Ururguay Round outcome : the new areas in future WTO negotiations

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  • Finger, J. Michael
  • Nogues, Julio J.

Abstract

The Uruguay Round involved a grand North-South bargain: The North reduced import barriers, particularly in textiles and agriculture. The South adopted new domestic regulations in such areas as services and intellectual property-changes that would lead to increased purchases from the North. In mercantilist economics, apples for apples-imports for imports. In real economics, apples for oranges. The authors argue that while the North's reduction of import barriers benefits both the North and the South, the new domestic regulations adopted by countries of the South could prove costly to those countries. To begin with, the regulations will be expensive to implement. And while the cost side of their impact is secured by a legal obligation (in the case of intellectual property rights, for example, the cost is higher prices for patented goods), the benefits side is not so secured.

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Bibliographic Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 2732.

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Date of creation: 31 Dec 2001
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Handle: RePEc:wbk:wbrwps:2732

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Keywords: Environmental Economics&Policies; Economic Theory&Research; Payment Systems&Infrastructure; Decentralization; Rules of Origin; Economic Theory&Research; Environmental Economics&Policies; TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT; Trade and Regional Integration; World Trade Organization;

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Cited by:
  1. Julio J. Nogues, 2005. "Unequal Exchange: Developing Countries in the International Trade Negotiations," International Trade 0502011, EconWPA.
  2. Carsten Herrmann-Pillath, 2006. "Reciprocity and the hidden constitution of world trade," Constitutional Political Economy, Springer, vol. 17(3), pages 133-163, September.
  3. Arvind Panagariya, 2002. "Developing Countries at Doha: A Political Economy Analysis," The World Economy, Wiley Blackwell, vol. 25(9), pages 1205-1233, 09.
  4. Richard Kozul-Wright & Paul Rayment, 2004. "Globalization Reloaded: An Unctad Perspective," UNCTAD Discussion Papers 167, United Nations Conference on Trade and Development.
  5. Julio J. Nogues, 2005. "Issues on Agricultural Negotiations in the FTAA and Linkages With the Doha Round," International Trade 0502006, EconWPA.
  6. Sudip Ranjan Basu & Victor Ognivtsev & Miho Shirotori, 2009. "Building Trade-Relating Institutions And Wto Accession," UNCTAD Blue Series Papers 41, United Nations Conference on Trade and Development.
  7. Drusilla K. Brown & Alan V. Deardorff & Robert M Stern, 2002. "Computational Analysis of Multilateral Trade Liberalization in the Uruguay Round and Doha Development Round," Working Papers 489, Research Seminar in International Economics, University of Michigan.
  8. Felicitas Nowak-Lehmann D. & Inmaculada Martínez- Zarzoso, 2004. "Would MERCOSUR´s Exports to the EU Profit from Trade Liberalisation? Some General Insights and a Simulation Study for Argentina," International Trade 0401002, EconWPA.
  9. Manfred Elsig, 2010. "The World Trade Organization at work: Performance in a member-driven milieu," The Review of International Organizations, Springer, vol. 5(3), pages 345-363, September.
  10. Felicitas Nowak-Lehmann & Inmaculada Martínez-Zarzoso, 2003. "MERCOSUR-EU trade: The impact of adverse macroeconomic developments and trade barriers on MERCOSUR exports," International Trade 0310002, EconWPA.

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