The unbalanced Ururguay Round outcome : the new areas in future WTO negotiations
AbstractThe 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 InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 2732.
Date of creation: 31 Dec 2001
Date of revision:
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;
Other versions of this item:
- J. Michael Finger & Julio J. Nogués, 2002. "The Unbalanced Uruguay Round Outcome: The New Areas in Future WTO Negotiations," The World Economy, Wiley Blackwell, vol. 25(3), pages 321-340, 03.
- J. Michael Finger & Julio J. Nogués, 2005. "The Unbalanced Uruguay Round Outcome: The New Areas in Future WTO Negotiations," International Trade 0502010, EconWPA.
- F1 - International Economics - - Trade
- F2 - International Economics - - International Factor Movements and International Business
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