Showing 1 - 10 of 67
suggest that protectionist pressures may rise. Gaps in World Trade Organization (WTO) commitments leave ample scope to further … tighten multilateral trade commitments by completing the WTO Doha Round. This can be viewed as a key part of the exit strategy …
Persistent link: https://www.econbiz.de/10011245865
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 … sectors, with WTO membership associated with substantially greater imports in sectors where barriers are low. These results …
Persistent link: https://www.econbiz.de/10005599641
This Selected Issues paper for Algeria analyzes the potential economic impact of Algeria’s Association Agreement with the European Union (AAEU). The paper lays out the major elements of Algeria’s AAEU and makes a comparison with other AAEUs. It discusses the potential economic...
Persistent link: https://www.econbiz.de/10011244528
The macroeconomic environment is sound, with low inflation and a comfortable external position, although the fiscal position remains a concern for the medium term. The authorities have successfully privatized and liberalized the telecommunications, energy, and transportation sectors. Moreover,...
Persistent link: https://www.econbiz.de/10011244655
The creation, in 1994, of the Central African Economic and Monetary Community (CEMAC) customs union was a major step in the regional integration process in central Africa. The implementation of the agreed regime by the member countries, however, has remained unsatisfactory. A 2002–03...
Persistent link: https://www.econbiz.de/10011245384
Over the last few decades, the economy of Saudi Arabia has strengthened, as oil prices increased with the rebound in global economic activity. Despite this, vulnerabilities to a sustained decline in the oil price have increased. Executive Directors have commended the authorities for their...
Persistent link: https://www.econbiz.de/10011245632
secure, open global trading environment—strengthened further by concluding the WTO Doha Round. From this base, the poorest …
Persistent link: https://www.econbiz.de/10011245866
This 2004 Article IV Consultation highlights that after a period of prolonged weakness in economic activity, persistent deflation and rising fiscal deficits, the macroeconomic outlook for Hong Kong Special Administrative Region has improved significantly since mid-2003. The recovery has gained...
Persistent link: https://www.econbiz.de/10005252759
Is the recent proliferation of Regional Trade Agreements (RTAs) in Asia a healthy development, or runs the risk of turning into an unmanageable "noodle bowl" in the future? The goal of this paper is to shed some light on this question. The results show that membership in the Asian RTAs...
Persistent link: https://www.econbiz.de/10005263990
This study investigates the role of India's economy in explaining the observed growth in South Asia, taking into … India's bilateral trade and financial linkages with South Asian countries (SAC) are relatively weak, the paper analyses the … spillover effects by focusing on growth more generally with India's growth as an explanatory variable. The results of the panel …
Persistent link: https://www.econbiz.de/10009654176