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Assessing the Economic Gains of Free Market Access for the Least Developed Countries in the QUAD

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  • Rune Jansen Hagen
  • Ottar Mæstad
  • Arne Wiig

Abstract

The Least Developed Countries (LDCs) are the poorest countries in the world. Their share of world trade has declined from 0.8% in 1980 to less than 0.5% today. The purpose of this study is to evaluate the impact on the LDCs of getting duty- and quota-free access to their main export markets. Our conclusion is that the aggregate benefits are likely to be modest. The main reasons are (1) that most LDCs presently enjoy quite liberal market access in important export markets, and (2) that the ability of LDCs to take advantage of trade preferences is limited, due to supply constraints and restrictive rules of origin.

Suggested Citation

  • Rune Jansen Hagen & Ottar Mæstad & Arne Wiig, 2003. "Assessing the Economic Gains of Free Market Access for the Least Developed Countries in the QUAD," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 29, pages 3-24.
  • Handle: RePEc:noj:journl:v:29:y:2003:p:3-24
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    References listed on IDEAS

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    1. Elena Ianchovichina & Aaditya Mattoo & Marcelo Olarreaga, 2001. "Unrestricted Market Access for Sub‐Saharan Africa: How Much Is It Worth and Who Pays?," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 10(4), pages 410-432.
    2. Canning, David, 1998. "A database of world infrastructure stocks, 1950-95," Policy Research Working Paper Series 1929, The World Bank.
    3. Debapriya Bhattacharya & Mustafizur Rahman, 2000. "Regional Cumulation Facility Under Ec-Gsp:Strategic Response From Short And Medium Term Perspectives," CPD Working Paper 9, Centre for Policy Dialogue (CPD).
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    More about this item

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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