assessment of how trade costs and related policy barriers drive excess global imbalances …

This paper reviews major issues and developments in the trade area and outlines the challenges governments face as they … seek to liberalize trade in the Uruguay Round of trade negotiations and address new trade issues. In industrial countries … liberalize their trade regimes and open their economies to international competition. By and large, the increased focus on market …

. The paper estimates quasi-fiscal activities in the energy sector, and provides an assessment of external sector trade and … the need for further trade reform. Developments in the agriculture sector are assessed. The paper highlights that the …

trade data. We impose homogeneity, and find an aggregate elasticity similar in value to conventional macroeconomic estimates …