An important issue in WTO trade negotiations is whether further liberalization of trade and agricultural policies may help or hinder food security in WTO member countries, especially the developing countries. The WTO recognizes various classifications of countries: developed, developing, least...

This paper analyzes two potential trade liberalization scenarios – a Free Trade Area of the Americas (FTAA) and possible links between MERCOSUR and the European Union (EU) – in a world computable general equilibrium (CGE) model. The model also incorporates some macro elements such as a cash-...

This paper analyzes the wheat market in South America, with a focus on MERCOSUR. It argues that wheat markets in South America have undergone significant changes over the last decade, driven by the world macroeconomic and agricultural cycle of the last quarter of the century, as well as specific...

Three types of trade policy adjustments to deal with an unsustainable current account deficit are examined in this paper for their economywide income and equity effects, based on the results of simulation experiments using a CGE model of the Philippine economy. Gross domestic product (GDP)...