This article summarizes the economic payoff to the United States from its postwar trade opening and estimates the potential future gains from more opening going forward. To quantify these gains, we survey different methodologies and estimates. We find that trade opening since World War II has...

The relationship between standards, economic development, and trade is at the forefront of policy debate. Standards can accelerate economic efficiency and trade and also act as discriminatory barriers. This paper examines standards in the context of development in Central America. Key aspects of...