Uraguay Round Impacts on Canada
The Uruguay Round was the most ambitious round of GATT negotiations ever undertaken. This paper offers an evaluation of possible effects of the Final Act of the Uruguay Round with a special focus on Canada. Our two main findings can be summarized as follows: (1)First, the estimated impacts of the Uruguay Round are more modest than previous estimates. This is due to a number of differences between the Final Act of the round and the outcome which had earlier been expected in studies using liberalisation scenarios based on the Draft Final Act (or Dunkel Draft). (2)Our second finding pertains to the liberalisation in textiles and clothing which may be the most significant part of the Uruguay Round in terms of its reallocative impact in Canada. Output, employment and exports of textiles and clothing are likely to fall, and in turn cause factors to shift to other sectors.
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- Shoven,John B. & Whalley,John, 1992.
"Applying General Equilibrium,"
Cambridge University Press, number 9780521266550, May.
- Trien T. Nguyen & Carlo Perroni & Randall M. Wigle, 1991.
"The Value of a Uruguay Round Success,"
The World Economy,
Wiley Blackwell, vol. 14(4), pages 359-374, December.
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- Trela, Irene & Whalley, John, 1990. "Global Effects of Developed Country Trade Restrictions on Textiles and Apparel," Economic Journal, Royal Economic Society, vol. 100(403), pages 1190-1205, December.
- Markusen, James R & Wigle, Randall M, 1990. "Explaining the Volume of North-South Trade," Economic Journal, Royal Economic Society, vol. 100(403), pages 1206-1215, December.
- Petersen, Christian E, 1992. "Trade Conflict and Resolution Methodologies," American Economic Review, American Economic Association, vol. 82(2), pages 62-66, May.
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