This paper assesses the quantitative importance of electronic commerce in trade and tariff revenue, in light of the WTO decision on 'duty-free cyberspace'. Electronic commerce is likely to boost international trade in software, digitizable media products (music, books) and many services sectors...

We examine in this paper the effects of WTO Accession on policy-making and institutional reforms in transition countries. This is done by looking at the experience of those transition countries which are already Members of the WTO and/or which have recently acceded. We start by trying to...

Two aspects of global imbalances - undervalued exchange rates and sovereign wealth funds - require a multilateral response. For reasons of inadequate leverage and eroding legitimacy, the International Monetary Fund has not been effective in dealing with undervalued exchange rates. This paper...