The purpose of this paper is to review the major findings of existing studies on the Multifibre Arrangement's (MFA) effect, with emphasis on the effects to LDCs, and to suggest the directions for further studies that are needed for a better understanding of the MFA. The paper is composed of six...

This paper establishes a simple general equilibrium trade model to estimate the effects of the Multifibre Arrangement (MFA) on world trade in clothing, especially on exports from developing countries. The MFA greatly affects developing countries because the MFA restrictions are imposed...

This paper develops a formal general equilibrium trade model for imperfect competition, a model easily applied to actual situations. The model shows that in the long run, international trade brings about five gains: (1) consumers can enjoy a wider selection of goods through the introduction of...

The author analyzes the economic impact of regional integration on agricultural trade. Using a simple Krugman-type model with product differentiation, he derives two propositions about regionalism's impact on trade flows: 1) The higher the degree of pre-integration protection, the greater the...

This paper addresses two issues: (i) the extent of the restrictiveness/effectiveness of the Multifibre Arrangement (MFA) with respect to the developing country suppliers of textile products during the 1980s, and (ii) the extent to which these restrictions yield trade gains for the less...