Estimates are presented of potential variability in real world price and its source. The estimated variance of potential deviations from trend has roughly doubled since 1960/61. The bulk of this variability is attributable to the effects of fluctuations in domestic production in LDC and CPC...

Since the mid 1980s Latin American and Caribbean countries have unilaterally liberalized their economies and have started a new wave of economic integration that led to the establishment of 25 trade agreements between 1990 and 1994. The Group of Three (G-3) Free Trade Agreement, comprising...

Appropriate assessment of the social value of market access is at the core of a broad range of inquiries in trade research. A selection include: the appraisal of industry-level production and consumption distortions due to selective trade liberalization and partial tax reform; the construction...