U.S. trade policy since the 1980s has been quite different from trade policy in the first two or three decades after World War II. Until the 1970s, U.S.trade policy was dominated by systematic concerns. Trade policy actions were subject to the disciplines of constructing an open, stable, and...

Trade, aid, and investment are more inextricably linked in sub-Saharan Africa than anywhere else in the world, contends the author, whose survey of sub-Saharan Africa's prospects for trade, aid, and investment lead to the following broad conclusions. Developing an outward orientation, improving...

The authors analyze the welfare effects of regional integration in a model of endogenous protection. They show that introducing preferential trading leads to an increase in protection against countries outside the preferential trading area. Moreover, the important Meade result of preferential...

Adjustment programs in sub-Saharan Africa have been somewhat less intensive in trade reform than programs in other countries have been. Implementation of trade reform overall, however (but not the most important reforms), has been better in sub-Saharan Africa. Retrogression has also been more...

Some developing countries may experience important trade losses if tariffs are liberalized on a general most-favored-nation (MFN) basis. Sub-Saharan Africa appears to be especially vulnerable to this problem. African countries receive important Lome Convention preferences in the European...

Drawing on the game theory concepts, the authors discuss why countries form themselves into trading blocs and what the relations between these blocs are likely to be. They identify three types of regimes: (a) unilateral trade policies - which are noncooperatives; (b) multilateral agreements...

Empirical studies have paid little attention to the supply-side forces behind the export performance of the Central and Eastern European countries of Bulgaria, Czechoslovakia, Hungary, Poland, and Romania (CEE-5) in OECD markets after the collapse of central planning. The author examines export...

Recent developments in trade theory - the result of applying modelsthat embody imperfect competition and increasing returns to scale - suggest an activist role for government in trade policy and threaten to undermine the case for trade liberalization. But the new modelling of international trade...

Economies benefit from international trade, but joining the world market also exposes them to external shocks. How can the government in Eastern European and developing countries reduce their vulnerability to such shocks? What are appropriate policy responses? The authors examine how external...