The authors try to gauge why the GATT dispute settlement process has, to date, been so ineffective in disciplining the use of antidumping measures. Focusing on the five cases in which panels have completed their findings and recommendations, the authors identify the sources of this...

Commodities are often stored during periods in which storage returns a negative price. Further, during periods of"backwardation,"the expected revenue from holding inventories will be negative. Since the 1930s, the negative price of storage has been attributed to an offsetting"convenience...

Price and income elasticities estimated from a country's export demand function are used both to predict and to prescribe effective export strategies. But the focus on elasticities has led to the neglect of an important empirical regularity: a strong persistencein the growth rate of a country's...

Union-nonunion wage differentials have been extensively studied by labor economists, but for lack of data on the developing world the study has been confined largely to the industrial world. This paper is one of the first attempts to empirically examine those differentials in a developing...

Economic approaches to health and nutrition have focused largely on measures of child nutrition and related variables (such as birth weight) as indicators of household production of nutritional outcomes. But when dealing with adult nutrition, economists have to address an issue that has...

Widespread private capital inflows to middle-income countries have surged over the past three years. At the same time, Brady-type debt reduction operations and domestic policy reform took place, indicators of country creditworthiness improved dramatically, and international interest rates...

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...

Tanzania embarked on a structural adjustment program in 1986 after a decade of protracted economic decline. Its program was supported by the International Monetary Fund and the World Bank and was accompanied by a substantial increase in foreign assistance. After seven years of adjustment the...

Recognizing that a country's commodity prices, foreign exchange rates, and export earnings are related, earlier studies developed an optimal portfolio model based on an integrated approach. But the estimates were inefficient because they summed that the time series data used in the model were...