IDEAS home Printed from https://ideas.repec.org/p/ags/ufliwp/237440.html
   My bibliography  Save this paper

Caribbean Community Agro-Economy and the GATT/WTO Rules on Agriculture: Imperitives for Subregional Growth and Development

Author

Listed:
  • Ballayram
  • Davis, Carlton G.

Abstract

This paper addresses the imperatives for accelerated growth and development in CARICOM countries, within the context of an evolving "new economic order", which has been manifested in the signing of the accord to the GATT/WTO Uruguay Round of Negotiations in April 1994. Against the backdrop of tensions, the Uruguay Round accord brought closure on a number of major trade reform issues. The accord, inter alia, aims for: 1) greater liberalization of trade, including agricultural trade, 2) consolidation of measures affecting import access and export competition under strengthened and more operationally effective rules, 3) monitoring, and enforcement of appropriate multilateral economic behavior, and 4) a competitive environment, by increasing discipline in the use .of direct and indirect subsidies and other distortions to agricultural trade. This paper develops a conceptual economic framework which we consider relevant and enlightening for analysis of the GATT/WTO rules, as they relate to CARICOM. A descriptive, analytical and diagnostic approach is then applied in an attempt to identify opportunities and challenges facing CARICOM countries as. they embrace market oriented policies and increase their participation in international trade. We argue that in the short run, CARICOM countries can still operate under the present status quo, based on the explicit recognition given by GATT/WTO to their special adjustment constraints. These countries must, however, pursue major new imperatives for growth and development in anticipation of the full effect of the new rules. Consistencies and inconsistencies between CARICOM trade rules/behavior and those of the GATT/WTO are identified. Also, suggestions are made regarding the adoption of appropriate structural and behavioral economic imperatives that appear to offer potential for strategically repositioning and reinserting CARICOM's agro-economy in the new economic order.

Suggested Citation

  • Ballayram & Davis, Carlton G., 1997. "Caribbean Community Agro-Economy and the GATT/WTO Rules on Agriculture: Imperitives for Subregional Growth and Development," International Working Paper Series 237440, University of Florida, Food and Resource Economics Department.
    • Handle: RePEc:ags:ufliwp:237440
    DOI: 10.22004/ag.econ.237440
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/237440/files/ufl-iwp-97-11.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.237440?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Jagdish Bhagwati, 1989. "Is free trade passé after all?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 125(1), pages 17-44, March.
    2. Thornsbury, Suzanne & Roberts, Donna & DeRemer, Kate & Orden, David, 1997. "A First Step in Understanding Technical Barriers to Agricultural Trade," 1997 Conference, August 10-16, 1997, Sacramento, California 197066, International Association of Agricultural Economists.
    3. -, 1994. "Selected statistical indicators of Caribbean countries: vol. VII," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 27367, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. Brander, James A. & Spencer, Barbara J., 1985. "Export subsidies and international market share rivalry," Journal of International Economics, Elsevier, vol. 18(1-2), pages 83-100, February.
    5. Martin,Will & Winters,L. Alan (ed.), 1996. "The Uruguay Round and the Developing Countries," Cambridge Books, Cambridge University Press, number 9780521586016.
    6. Bhagwati, Jagdish N, 1988. "Export-Promoting Trade Strategy: Issues and Evidence," The World Bank Research Observer, World Bank, vol. 3(1), pages 27-57, January.
    7. Ingco, Merlinda D., 1995. "Agricultural trade liberalization in the Uruguay Round : one step forward, one step back?," Policy Research Working Paper Series 1500, The World Bank.
    8. Scott, Charlotte H., 1992. "Financing higher education: Current patterns : The organization for economic co-operation and development. Paris, France: OECD publications service, 1990. 100 pp., US$21.00 (paper)," Economics of Education Review, Elsevier, vol. 11(2), pages 176-177, June.
    9. Feder, Gershon, 1983. "On exports and economic growth," Journal of Development Economics, Elsevier, vol. 12(1-2), pages 59-73.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Marin, Dalia, 1992. "Is the Export-Led.Growth Hypothesis Valid for Industrialized Countries?," The Review of Economics and Statistics, MIT Press, vol. 74(4), pages 678-688, November.
    2. Hans Binswanger & Ernst Lutz, 2003. "Agricultural trade barriers, trade negotiations and the interests of developing countries," Chapters, in: John Toye (ed.), Trade and Development, chapter 8, Edward Elgar Publishing.
    3. Onafowora, Olugbenga A. & Owoye, Oluwole, 1998. "Can Trade Liberalization Stimulate Economic Growth in Africa?," World Development, Elsevier, vol. 26(3), pages 497-506, March.
    4. Bernard Hoekman & Kym Anderson, 2000. "Developing-Country Agriculture and the New Trade Agenda," Economic Development and Cultural Change, University of Chicago Press, vol. 49(1), pages 171-180.
    5. Diaz-Bautista, Alejandro, 2002. "The role of telecommunications infrastructure and human capital: Mexico´s economic growth and convergence," ERSA conference papers ersa02p102, European Regional Science Association.
    6. Will Martin & Kym Anderson, 2007. "The Doha agenda and agricultural trade reform: the role of economic analysis," Agricultural Economics, International Association of Agricultural Economists, vol. 37(s1), pages 77-87, December.
    7. Arvind Panagariya, 2002. "Developing Countries at Doha: A Political Economy Analysis," The World Economy, Wiley Blackwell, vol. 25(9), pages 1205-1233, September.
    8. Hosein, Roger & Satnarine-Singh, Nirvana & Saridakis, George, 2022. "The Spillover Effect of Exports: An Analysis of Caribbean SIDs," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 75(1), pages 1-28.
    9. Panagariya, Arvind, 2000. "Evaluating the case for export subsidies," Policy Research Working Paper Series 2276, The World Bank.
    10. Finger, J. Michael & Schuknecht, Ludger, 1999. "Market access advances and retreats : the Uruguay Round and beyond," Policy Research Working Paper Series 2232, The World Bank.
    11. Koichi Kagitani, 2009. "Political Economy Of Strategic Export Policy In A Differentiated Duopoly," The Japanese Economic Review, Japanese Economic Association, vol. 60(2), pages 236-252, June.
    12. Swinbank, Alan, 2004. "Dirty Tariffication Revisited: The EU and Sugar," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 5(1), pages 1-14.
    13. Frankel, Jeffrey A. & Romer, David & Cyrus, Teresa, 1995. "Trade and Growth in East Asian Countries: Cause and Effect?," Center for International and Development Economics Research (CIDER) Working Papers 233408, University of California-Berkeley, Department of Economics.
    14. Gallaway, Michael P. & Blonigen, Bruce A. & Flynn, Joseph E., 1999. "Welfare costs of the U.S. antidumping and countervailing duty laws," Journal of International Economics, Elsevier, vol. 49(2), pages 211-244, December.
    15. Jeffrey A. Frankel & Andrew K. Rose, 2000. "Estimating the Effect of Currency Unions on Trade and Output," NBER Working Papers 7857, National Bureau of Economic Research, Inc.
    16. Eleanor Doyle, 1998. "Export-output causality: The Irish case 1953–93," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 26(2), pages 147-161, June.
    17. Vianna, Andre C. & Mollick, Andre V., 2021. "Threshold effects of terms of trade on Latin American growth," Economic Systems, Elsevier, vol. 45(4).
    18. Klodt, Henning, 1993. "Theorie der strategischen Handelspolitik und neue Wachstumstheorie als Grundlage für eine Industrie- und Technologiepolitik," Open Access Publications from Kiel Institute for the World Economy 2031, Kiel Institute for the World Economy (IfW Kiel).
    19. Kox, Henk L. M. & Van der Tak, Casper M., 1996. "Non-transboundary pollution and the efficiency of international environmental co-operation," Ecological Economics, Elsevier, vol. 19(3), pages 247-259, December.
    20. Siebert, Horst & Rauscher, Michael, 1991. "Neuere Entwicklung der Außenhandelstheorie," Kiel Working Papers 478, Kiel Institute for the World Economy (IfW Kiel).

    More about this item

    Keywords

    International Relations/Trade;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ufliwp:237440. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/fruflus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.