Import and export stability is examined under two alternative nominal exchange rate anchors, the U.S. dollar and the SDR. Stability under the two pegs depends critically on import and export elasticity with respect to exchange rates. The implications of import and export elasticity for an...

This paper contains further work by the Fund staff on trade issues and developments following the pattern of the surveys prepared in 1978 and 1981, mainly focusing on commercial policies of the major trading nations. It also includes a discussion of agricultural protection and issues relating to...

All the developed countries that agreed to be donors under the proposal for Generalized System of Preferences (GSP) adopted at the first UNCTAD session in 1964, have introduced their individu"l (GSP) schemes) Under these schemes. imports of a large number of manufactures and semimanufactures...

Development in 1964 was the establishment of a system of preferential tariff rates favouring existing imports from less developed countries under which all developed countries would unilaterally reduce their tariff duties charged on imports from less developed countries while maintaining...