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Trade preferences to small developing countries and the welfare costs of lost multilateral liberalization

The proliferation of preferential trade liberalization over the past 20 years has raised the question of whether it slows down multilateral trade liberalization. Recent theoretical and empirical evidence indicates this is the case even for unilateral preferences that industrial countries provide to small and poor countries but there is no estimate of the resulting welfare costs. To avoid this stumbling block effect the authors suggest replacing unilateral preferences by a fixed import subsidy.

Link http://www-wds.worldbank.…64258546&theSitePK=523679
Author Limao, N., Olarreaga, M.
Date 01-Apr-2005
Institute World Bank
Tags trade, developing, liberalization, WTO

See also

  1. Bulgaria's institutions and policies : integrating into Pan-European markets
  2. Trade preferences and differential treatment of developing countries : a selective survey
  3. Trade liberalization and the politics of financial development
  4. Has the internet increased trade? Evidence from industrial and developing countries
  5. More favorable and differential treatment of developing countries : toward a new approach in the World Trade Organization

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