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"Anderson and Martin examine the extent to which various regions, and the world as a whole, could gain from … multilateral trade reform over the next decade. They use the World Bank's linkage model of the global economy to examine the impact … first of current trade barriers and agricultural subsidies, and then of possible outcomes from the World Trade Organization …
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Strong cyclical dynamics, together with an easing of macroeconomic policies in the United States and elsewhere, have boosted large parts of the global economy, into the initial phase of a recovery in 2002. Nonetheless, the global recovery is fragile, because investment spending is insufficient...
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liberalization could move the world some way toward those desirable outcomes, but more so the more developing countries themselves … cut applied tariffs, particularly on agricultural imports. "--World Bank web site …
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achieved. "--World Bank web site …
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adjustment costs. "--World Bank web site …
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are built up using newly available tariff line data and their implications for world markets are established using a … global modeling framework. These world trade impacts, in turn, form the basis for 12 country case studies of the national … cross-section analysis, and a global analysis provides estimates for the world as a whole. "--World Bank web site …
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