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The methodological problems associated with standard partial equilibrium models may impart a significant bias in their projections of the trade effects of tariff cuts. First, these models fail to account for the price-raising effects of nontariff barriers (NTBs) that shift the supply curve for...
Persistent link: https://www.econbiz.de/10005079467
While major concerns have been expressed about the spread of non-tariff barriers (NTBs) in developing countries, the lack of empirical information on the dimensions of the increase has affected the related policy debates. Using inventories of NTBs in developed countries compiled for 1966 and...
Persistent link: https://www.econbiz.de/10005128882
Economists often argue that the level and structure of a country's trade barriers and the quality of its governance policies (for example, regulating foreign investment or limiting commercial activity with red tape) have a major influence on its economic growth and performance. One problem...
Persistent link: https://www.econbiz.de/10005079533
In the mid-1950s sub-Saharan Africa accounted for 3.1 percent of global exports. By 1990 this share had fallen to 1.2 percent. The authors of this report find that Africa's extensive loss of competitiveness played a key role in its decline in world trade. If Africa had merely retained its...
Persistent link: https://www.econbiz.de/10005079567
World Bank demographic and country characteristic statistics identify 16 small landlocked countries that are similar to Lesotho. The authors attempt to determine what useful policy information can be derived from the recent trade performance of these"comparators."Among questions they pose are...
Persistent link: https://www.econbiz.de/10005079618
Exports in the Middle Eastern countries should increase from $800 million to $900 million as a result of the tariff cuts agreed on in the Uruguay Round, according to the author.This represents an annual expansion of less than 1 percent. Projected gains are small because the erosion of tariff...
Persistent link: https://www.econbiz.de/10005079629
A concern about regional trade arrangements (RTAs) is whether the discriminatory trade barriers applied to RTAs encourage high-cost imports from member countries at the expense of nonmember lower-cost goods. RTA impact evaluations have been hampered by a lack of appropriate empirical procedures...
Persistent link: https://www.econbiz.de/10005079846
Perhaps the major accomplishment of the Uruguay Round is agreements reached on nontariff barriers (NTBs). All NTBs imposed under the Multifiber Arrangement (MFA) will be phased out over 10 years, and all"voluntary"export restraints will be abolished. OECD countries'NTBs on agricultural goods...
Persistent link: https://www.econbiz.de/10005080093
Over the past three decades, free trade agreements were mostly a European phenomenon European Free Trade Agreement [EFTA], European Economic Community [EEC], and their regional arrangements). Recently, this phenomenon has reached the Americas and is growing. The authors show that free trade...
Persistent link: https://www.econbiz.de/10005128485
Many developing countries are being encouraged to shift toward increased processing and exports of domestically produced natural resource based products now exported in primary form. But in many major markets, the structure of tariffs and nontariff barriers militate against such efforts. Zero or...
Persistent link: https://www.econbiz.de/10005133530