This report summarizes the measures of contingent protection regulated by the WTO and their purposes. They can be divided into two categories. The first one regards temporary provisions that can be used when a predefined set of circumstances legitimize temporary increases in import barriers. The...

This module illustrates the basics of trade policy analysis. It focuses on the following questions: 1) What do countries gain by trading with each other instead of opting for self sufficiency?; 2) What are the main instruments of trade policy?; 3) How do they affect prices, output and welfare?;...

This book examines the effects of trade on growth and poverty. It addresses the following questions:1) Which are the channels through which trade openness may affect the economic activities of a given country? ; 2) What are the effects of trade openness on growth? ; and 3) What are the effects...

Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a checkered history of managing inflation among many EMDEs,...