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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. "Issues on Agricultural Negotiations in the FTAA and Linkages With the Doha Round," International Trade 0502006, EconWPA.
  2. Felicitas Nowak-Lehmann D. & Inmaculada Martínez Zarzoso, 2003. "Would MERCOSUR’s Exports to the EU Profit from Trade Liberalisation? Some General Insights and a Simulation Study for Argentina," Ibero America Institute for Econ. Research (IAI) Discussion Papers 092, Ibero-America Institute for Economic Research.
  3. Arvind Panagariya, 2003. "Developing Countries at Doha: A Political Economy Analysis," International Trade 0308015, EconWPA.
  4. 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.
  5. Julio J. Nogues, 2005. "Unequal Exchange: Developing Countries in the International Trade Negotiations," International Trade 0502008, EconWPA.
  6. Richard Kozul-Wright & Paul Rayment, 2004. "Globalization Reloaded: An Unctad Perspective," UNCTAD Discussion Papers 167, United Nations Conference on Trade and Development.
  7. Carsten Herrmann-Pillath, 2006. "Reciprocity and the hidden constitution of world trade," Constitutional Political Economy, Springer, vol. 17(3), pages 133-163, September.
  8. 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.
  9. 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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