The liberalisation of agricultural trade is expected to become a key element of the agreement resulting from the WTO's Doha Round. The economic impacts of agricultural trade liberalisation are evaluated in this study using a global numerical general equilibrium model. A broad policy package...

Many economists believe that the nature of exchange rate management was an important reason for rapid economic growth in East Asia. In this view, Asian countries avoided extreme exchange rate appreciations and kept their nominal exchange rates close to market clearing levels. In contrast, the...

With accession to the EU, Estonia gave up its liberal trade and agricultural policies and adopted the much more protectionist regime of the EU. Prior to accession, many studies predicted that this would lead to price increases for agricultural products and processed food. This article discusses...

This paper shows that governments have no incentive to introduce non-tariff barriers when they are free to set tariffs but they do when tariffs are determined cooperatively. We then show three results. First, with trade liberalization, there is a progression from u sing tariffs only to quotas,...

This paper analyses the impact on China's economy from its accession to the WTO. Using a two-region Chinese CGE model, the analysis shows the gains China would derive from a more efficient allocation of resources and from the elimination of MFA quota. It also indicates that the gains are...