Subramanian, Arvind; Wei, Shang-Jin - 2021
liberalize under the principle of special and differential treatment; but attempted to redress the latter by imposing greater …This paper furnishes robust evidence that the GATT/WTO has had a powerful and positive impact on trade. The impact has …, however, been uneven. GATT/WTO membership for industrial countries has been associated with a large increase in imports …