Walkenhorst, Peter - EconWPA - 2004
textiles and clothing production and trade as the Agreement on Textiles and Clothing (ATC) is implemented. There is pressure … studies foresee increases in global welfare as a result of ATC reform. But the estimates of welfare gains show considerable … variation, with expected annual global benefits ranging from $6.5 billion to $324 billion. Some studies predict ATC reform to …