This paper examines the strengthening forces behind the latest wave of globalization and draws out its consequences for the policy strategies of small open economies such as Singapore. The digital revolutionÂ’s contributions to globalization have been substantial, but so too have the policy...

A new round of WTO negotiations on agriculture, services and perhaps some other issues is expected to be launched in late 1999. To what extent should those negotiations include so-called "new trade agenda" items aimed at ensuring that domestic regulatory policies do not discriminate against...

The potential welfare gains from further liberalizing agricultural markets are huge, both absolutely and relative to gains from liberalizing textiles or other manufacturing, according to recent GTAP modelling results. Should attempts to liberalize farm trade in the next WTO round follow the same...