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The Unbalanced Uruguay Round Outcome: The New Areas in Future WTO Negotiations

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  • J. Michael Finger
  • Julio J. Nogués

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. Finger and Nogués 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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Suggested Citation

  • 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, March.
    • Handle: RePEc:bla:worlde:v:25:y:2002:i:3:p:321-340
    DOI: 10.1111/1467-9701.00435
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    Cited by:

    1. Sánchez-Cano, Julieta Evangelina, 2012. "The public policies of the mexican agricutural sector in the framework of the international economy," eseconomía, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 0(33), pages 45-77, primer tr.
    2. Julio J. Nogues, 2005. "Issues on Agricultural Negotiations in the FTAA and Linkages With the Doha Round," International Trade 0502006, University Library of Munich, Germany.
    3. Nogues, Julio, 2004. "Unequal exchange: developing countries in the international trade negotiations," MPRA Paper 86172, University Library of Munich, Germany.
    4. 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.
    5. Xufang Zhang & Changyou Sun & Jason Gordon & Ian A. Munn, 2020. "Determinants of Temporary Trade Barriers in Global Forest Products Industry," Sustainability, MDPI, vol. 12(9), pages 1-13, May.
    6. Mehdi Abbas, 2008. "Les rapports Nord-Sud à l'OMC. Entre différenciation et espace politique pour le développement," Post-Print halshs-00217467, HAL.
    7. 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.
    8. Arvind Panagariya, 2002. "Developing Countries at Doha: A Political Economy Analysis," The World Economy, Wiley Blackwell, vol. 25(9), pages 1205-1233, September.
    9. Mayda, Anna Maria & Ludema, Rodney D & McClure, Jonathan C. F., 2015. "Dragons, Giants, Elephants and Mice: Evolution of the MFN Free Rider Problem in the WTO Era," CEPR Discussion Papers 10961, C.E.P.R. Discussion Papers.
    10. 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.
    11. Peter Draper & Mzukisi Qobo, 2011. "Rabbits Caught in the Headlights? Africa and the ‘Multilateralizing Regionalism’ Paradigm," Chapters, in: Ulrich Volz (ed.), Regional Integration, Economic Development and Global Governance, chapter 6, Edward Elgar Publishing.
    12. Richard Kozul-Wright & Paul Rayment, 2004. "Globalization Reloaded: An Unctad Perspective," UNCTAD Discussion Papers 167, United Nations Conference on Trade and Development.
    13. J. Michael Finger, 2008. "Developing Countries in the WTO System: Applying Robert Hudec's Analysis to the Doha Round," The World Economy, Wiley Blackwell, vol. 31(7), pages 887-904, July.
    14. Carsten Herrmann-Pillath, 2006. "Reciprocity and the hidden constitution of world trade," Constitutional Political Economy, Springer, vol. 17(3), pages 133-163, September.
    15. 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.
    16. Rivera, Sandra A. & Tsigas, Marinos E., 2005. "How does China’s growth affect India? An Economywide Analysis," Conference papers 331359, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    17. 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, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • F1 - International Economics - - Trade
    • F2 - International Economics - - International Factor Movements and International Business

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