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The new liberalism: Trade policy developments in emerging markets

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  • Drabek, Zdenek
  • Laird, Sam

Abstract

In the last ten years, there has been a sea change in trade and related policies in emerging markets. This results from autonomous reforms undertaken in conjunction with macro-economic stabilization programmes. Many non-tariff measures have been eliminated and tariffs, now the principal trade instrument, have been rationalized and reduced. Considerable increases in security of market access result from increased membership of the GATT/WTO system, which itself underwent important changes as a result of the Uruguay Round, further developed in the first Ministerial Meeting of the WTO in Singapore in December 1996. The systemic changes and the expansion of WTO membership to the transition and other economies mark a dramatic change in international economic relations.

Suggested Citation

  • Drabek, Zdenek & Laird, Sam, 1997. "The new liberalism: Trade policy developments in emerging markets," WTO Staff Working Papers ERAD-97-07, World Trade Organization (WTO), Economic Research and Statistics Division.
    • Handle: RePEc:zbw:wtowps:erad9707
    DOI: 10.30875/6c107fef-en
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    References listed on IDEAS

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    1. Anne O. Krueger, 1993. "Free Trade Agreements as Protectionist Devices: Rules of Origin," NBER Working Papers 4352, National Bureau of Economic Research, Inc.
    2. Zdenek Drabek, 1996. "The Stability of Trade Policy in the Countries in Transition and their Integration into the Multilateral Trading System," The World Economy, Wiley Blackwell, vol. 19(6), pages 721-745, November.
    3. Martin,Will & Winters,L. Alan (ed.), 1996. "The Uruguay Round and the Developing Countries," Cambridge Books, Cambridge University Press, number 9780521586016.
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    5. Drabek, Zdenek & Janacek, Kamil & Tuma, Zdenek, 1993. "Inflation in Czechoslovakia, 1985-91," Policy Research Working Paper Series 1135, The World Bank.
    6. Safadi, Raed & Laird, Sam, 1996. "The Uruguay Round agreements: Impact on developing countries," World Development, Elsevier, vol. 24(7), pages 1223-1242, July.
    7. C.A. Primo Braga & Raed Safadi & Alexander Yeats, 1994. "Regional Integration in the Americas: Déjà Vu All Over Again?," The World Economy, Wiley Blackwell, vol. 17(4), pages 577-602, July.
    8. de Melo, Jaime & Dhar, Sumana, 1992. "Lessons of trade liberalization in Latin America for economies in transition," Policy Research Working Paper Series 1040, The World Bank.
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    Cited by:

    1. Eromenko, Igor & Mankovska, Nadiya & Dean, James W, 2003. "Will WTO membership really improve market access for Ukrainian exports?," MPRA Paper 67481, University Library of Munich, Germany.
    2. Michalopoulos, Constantine, 1999. "Developing country goals and strategies for the Millennium Round," Policy Research Working Paper Series 2147, The World Bank.
    3. Nisha Taneja, 2010. "Informal Trade in the SAARC region," Working Papers id:2752, eSocialSciences.
    4. M. Kabir Hassan, 2002. "An Empirical Investigation of Economic Cooperation among the OIC Member Countries," Working Papers 0212, Economic Research Forum, revised 18 Apr 2002.
    5. Michalopoulos, Constantine & Ng, Francis, 2013. "Developing country trade policies and market access issues : 1990-2012," Policy Research Working Paper Series 6463, The World Bank.
    6. Drabek, Zdenek & Griffith-Jones, Stephany, 1998. "Managing capital flows in transition economies with a case-study of Central and Eastern Europe," WTO Staff Working Papers ERAD-98-04, World Trade Organization (WTO), Economic Research and Statistics Division.
    7. Michalopoulos, Constantine, 1998. "WTO accession for countries in transition," Policy Research Working Paper Series 1934, The World Bank.
    8. Bacchetta, Marc & Drabek, Zdenek, 2002. "Effects of WTO accession on policy-making in sovereign states: Preliminary lessons from the recent experience of transition countries," WTO Staff Working Papers DERD-2002-02, World Trade Organization (WTO), Economic Research and Statistics Division.

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    More about this item

    Keywords

    trade liberalization; WTO; GATT; emerging markets;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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