The methodological problems associated with standard partial equilibrium models may impart a significant bias in their projections of the trade effects of tariff cuts. First, these models fail to account for the price-raising effects of nontariff barriers (NTBs) that shift the supply curve for...

The economic implications of current WTO negotiations are likely to be far reaching. The World Bank and UNCTAD estimate annual global gains in agriculture and non-agricultural products (including fish) of about $70 - 150 billion each under various scenarios and technical assumptions....

In the early 1980's, faced with a mounting debt crisis, most highly indebted developing countries increased trade barriers to generate more foreign exchange; but in the last three to four years, they have reversed course. Almost all highly indebted countries have undergone real devaluations and...

While major concerns have been expressed about the spread of non-tariff barriers (NTBs) in developing countries, the lack of empirical information on the dimensions of the increase has affected the related policy debates. Using inventories of NTBs in developed countries compiled for 1966 and...

Recent political changes in Eastern Europe will help to cement improving economic relations with the European Communities (EC). Hungary has little alternative but to seek to continue strengthing these ties. It faces important supply constraints and needs injections of fresh capital to help it...

Negotiations on industrial tariffs in the current WTO work programme have turned out to be surprisingly difficult. On the one hand, developing countries, particularly in Africa, are concerned about the potential negative effect on their industrial development of developed country efforts to push...