The Challenge of Reducing Subsidies and Trade Barriers
This is one of ten studies for the Copenhagen Consensus Project that sought to evaluate the most feasible opportunities to improve welfare globally and alleviate poverty in developing countries. It argues that phasing out distortionary government subsidies and barriers to international trade will yield an extraordinarily high benefit/cost ratio. A survey is provided of recent estimates, using global economy wide simulation models, of the benefits of doing that via the current Doha round of multilateral trade negotiations. Even if adjustment costs are several times as large as suggested by available estimates, the benefit-cost ratio from seizing this opportunity exceeds 20. That is much higher than the rewards from regional or bilateral trade agreements or from providing preferential access for least-developed countries’ exports to high-income countries. Such reform would simultaneously contribute to alleviating several of the other key challenges reflected in the United Nations’ Millennium Development Goals.
|Date of creation:||Sep 2004|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: 44 - 20 - 7183 8801
Fax: 44 - 20 - 7183 8820
|Order Information:|| Email: |
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Maurice Schiff & L. Alan Winters, 2003. "Regional Integration and Development," World Bank Publications, The World Bank, number 15172.
- Winters, L. Alan, 1990.
"Labour Adjustment Costs and British Footwear Protection,"
CEPR Discussion Papers
376, C.E.P.R. Discussion Papers.
- Takacs, Wendy E & Winters, L Alan, 1991. "Labour Adjustment Costs and British Footwear Protection," Oxford Economic Papers, Oxford University Press, vol. 43(3), pages 479-501, July.
- L. Alan Winters & Terrie L. Walmsley & Zhen Kun Wang & Roman Grynberg, 2003. "Liberalising Temporary Movement of Natural Persons: An Agenda for the Development Round," The World Economy, Wiley Blackwell, vol. 26(8), pages 1137-1161, 08.
- Lionel Fontagné & Jean-Louis Guérin & Sébastien Jean, 2005.
"Market Access Liberalisation in the Doha Round: Scenarios and Assessment,"
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers)
- Lionel Fontagné & Jean-Louis Guérin & Sébastien Jean, 2005. "Market Access Liberalisation in the Doha Round: Scenarios and Assessment," The World Economy, Wiley Blackwell, vol. 28(8), pages 1073-1094, 08.
- Fontagné, Lionel & Guérin, Jean-Louis & Jean, Sébastien, 2005. "Market Access Liberalisation in the Doha Round : Scenarios and Assessment," Economics Papers from University Paris Dauphine 123456789/6498, Paris Dauphine University.
- Lionel Fontagné & Jean-Louis Guérin & Sébastien Jean, 2003. "Market Access Liberalisation in the Doha Round: Scenarios and Assessment," Working Papers 2003-12, CEPII research center.
- Daniel Trefler, 2001.
"The Long and Short of the Canada-U.S. Free Trade Agreement,"
NBER Working Papers
8293, National Bureau of Economic Research, Inc.
- Daniel Trefler, 2004. "The Long and Short of the Canada-U. S. Free Trade Agreement," American Economic Review, American Economic Association, vol. 94(4), pages 870-895, September.
- Daniel Trefler, 2006. "The long and short of the Canada-U.S. free trade agreement," LSE Research Online Documents on Economics 6721, London School of Economics and Political Science, LSE Library.
- Daniel Trefler, 2006. "The Long and Short of the Canada-U.S. Free Trade Agreement," STICERD - Economics of Industry Papers 41, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Wacziarg, Romain & Welch, Karen Horn, 2003.
"Trade Liberalization and Growth: New Evidence,"
1826, Stanford University, Graduate School of Business.
- Paul M Romer, 1999.
"Increasing Returns and Long-Run Growth,"
Levine's Working Paper Archive
2232, David K. Levine.
- Marcelo Olarreaga & Çaglar Özden, 2005. "AGOA and Apparel: Who Captures the Tariff Rent in the Presence of Preferential Market Access?," The World Economy, Wiley Blackwell, vol. 28(1), pages 63-77, 01.
- Dani Rodrick, 2003.
Economics working papers
2003-17, Department of Economics, Johannes Kepler University Linz, Austria.
- Arvind Panagariya, 2004.
"Miracles and Debacles: In Defence of Trade Openness,"
The World Economy,
Wiley Blackwell, vol. 27(8), pages 1149-1171, 08.
- Arvind Panagariya, 2004. "Miracles and Debacles: In Defense of Trade Openness," International Trade 0403002, EconWPA.
- George Verikios & Xiao-guang Zhang, 2001. "Global Gains from Liberalising Trade in Telecommunications and Financial Services," Others 0110005, EconWPA.
- Xavier Sala-i-Martin, 2002.
"The World Distribution of Income (estimated from Individual Country Distributions),"
NBER Working Papers
8933, National Bureau of Economic Research, Inc.
- Xavier Sala-i-Martin, 2002. "The world distribution of income (estimated from individual country distributions)," Economics Working Papers 615, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2002.
- Pomfret, Richard, 2001. "The Economics of Regional Trading Arrangements," OUP Catalogue, Oxford University Press, number 9780199248872.
- Jeffrey G. Williamson, 2002. "Winners and Losers Over Two Centuries of Globalization," NBER Working Papers 9161, National Bureau of Economic Research, Inc.
- Jeffrey D. Sachs & Andrew Warner, 1995.
"Economic Reform and the Process of Global Integration,"
Brookings Papers on Economic Activity,
Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
- Jeffrey Sachs & Andrew Warner, 1995. "Economic Reform and the Progress of Global Integration," Harvard Institute of Economic Research Working Papers 1733, Harvard - Institute of Economic Research.
- Rae, Allan N. & Strutt, Anna, 2003. "The Current Round of Agricultural Trade Negotiations: Should We Bother About Domestic Support?," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 4(2).
- John Whalley, 2004.
"Assessing the Benefits to Developing Countries of Liberalisation in Services Trade,"
The World Economy,
Wiley Blackwell, vol. 27(8), pages 1223-1253, 08.
- John Whalley, 2003. "Assessing the Benefits to Developing Countries of Liberalization in Services Trade," NBER Working Papers 10181, National Bureau of Economic Research, Inc.
- L. Alan Winters & Neil McCulloch & Andrew McKay, 2004. "Trade Liberalization and Poverty: The Evidence So Far," Journal of Economic Literature, American Economic Association, vol. 42(1), pages 72-115, March.
- John Whalley, 1984. "Trade Liberalization among Major World Trading Areas," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262231204, June.
- L. Alan Winters, 2002. "Trade Liberalisation and Poverty: What are the Links?," The World Economy, Wiley Blackwell, vol. 25(9), pages 1339-1367, 09.
When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:4592. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()The email address of this maintainer does not seem to be valid anymore. Please ask to update the entry or send us the correct address
If references are entirely missing, you can add them using this form.