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

World Bank Economic Review

Volumn 20, Issue 2, 2006, Pages 217-240

  Limão, Nuno ^a,c   Olarreaga, Marcelo ^b,c  

^a UNIVERSITY OF MARYLAND   (United States)

^b WORLD BANK   (United States)

^c Centre for Economic Policy Research   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

DEVELOPING WORLD; IMPORT; MULTILATERAL TRADE; SUBSIDY SYSTEM; TRADE LIBERALIZATION; TRADE POLICY;

ASIA; EURASIA; EUROPE; EUROPEAN UNION; FAR EAST; JAPAN; MIDDLE EAST; NORTH AMERICA; QATAR; UNITED STATES;

EID: 33745727832     PISSN: 02586770     EISSN: 1564698X     Source Type: Journal    
DOI: 10.1093/wber/lhj013     Document Type: Article

References (45)

1. Adam, C., and S. O'Connell. 2004. "Aid versus Trade Revisited." The Economic Journal 114:150-73.
2. Bagwell, K., and R. Staiger. 1998. "Regionalism and Multilateral Tariff Cooperation.∞quot; In J. Piggott and A. Woodland, eds., International Trade Policy and the Pacific Rim. London: MacMillan.
3. Bayard, T., and K. Ann Elliott. 1994. Reciprocity and Retaliation in US Trade Policy. Washington, D.C.: Institute for International Economics.
4. Bhagwati, J. 1991. The World Trading System at Risk. Princeton, N.J.: Princeton University Press.
5. Chang, W., and A. Winters. 2002. "How Regional Blocs Affect Excluded Countries: The Price Effects of Mercosur." American Economic Review 92(4):889-904.
6. European Commission. 2000. "Commission Proposes Overhaul of Sugar Market." IP/00/1109, April 10. Brussels.
7. Francois, J. H. van Mejil, and F. van Tongeren. 2005. "Trade Liberalization in the Doha Development Round." Economic Policy 20(42):349-39.
8. Haveman, J., and H. Shatz. 2004. "Developed Country Trade Barriers and the Least Developed Countries: The Economic Results of Freeing Trade." In B. Guha-Khasnobis, ed., The WTO, Developing Countries and the Doha Development Agenda. New York: Palgrave-MacMillan.
9. Hoekman, B. 2004. "Overcoming Discrimination against Developing Countries: Access, Rules and Differential Treatment." Paper presented at the Cornell Law School and Cordell Hull Institute conference "The Role of the WTO System in the World Economy," July 9-10, Paris.
10. Hoekman, B., C. Michalopoulos, and A. Winters. 2004. "Special and Differential Treatment of Developing Countries in the WTO: Moving Forward after Cancun." The World Economy 27(4):481-506.
11. Hoekman, B., A. Nicita, and M. Olarreaga. 2006. "Estimating the Effects of Global Trade Reform." In B. Hoekman and M. Olarreaga, eds., Global Trade Liberalization and Poor Countries: Poverty Impacts and Policy Implications. Washington D.C.: Brookings Institution Press, and Paris: Institut de Sciences Politiques.
12. IMF (International Monetary Fund). 2004a. "Fund Support for Trade-Related Balance of Payments Adjustments." Policy Development and Review Department, Washington, D.C. [http://www.imf.org/external/np/pdr/tim/2004/eng/022704.pdf].
13. IMF (International Monetary Fund). 2004b. "IMF Executive Board Approves Trade Integration Mechanism." Press Release 04/73, April 13. Washington, D.C.
14. Inama, S. 2003. "Trade Preferences and the World Trade Organization Negotiations on Market Access." Journal of World Trade 37(5):959-76.
15. Jackson, J. 1997. The World Trading System: Law and Policy of International Economic Relations. Second edition. Cambridge, Mass.: MIT Press.
16. Johnson, Harry G. 1967. Economic Policies toward Less Developed Countries. Washington, D.C.: Brookings Institution.
17. Karacaovali, B., and N. Limão. 2005. "The Clash of Liberalizations: Preferential vs. Multilateral Trade Liberalization in the European Union." Policy Research Working Paper 3493. World Bank, Washington,D.C.
18. Kee, H. L., A. Nicita, and M. Olarreaga. 2004. "Import Demand Elasticities and Trade Distortions." Policy Research Working Paper 3452. World Bank, Washington, D.C.
19. Krishna, P. 1998. "Regionalism and Multilateralism: A Political Economy Approach." Quarterly Journal of Economics 113(1):227-51.
20. Levy, P. 1997. "A Political-Economic Analysis of Free-Trade Agreements." American Economic Review 87(4):506-19.
21. Limão, N. 2002. "Are Preferential Trade Agreements with Non-trade Objectives a Stumbling Block for Multilateral Liberalization?" Working Paper 02-02. University of Maryland, Department of Economics, Center for International Economics, College Park.
22. Limão, N. 2006. "Preferential Trade Agreements as Stumbling Blocks for Multilateral Trade Liberalization: Evidence for the US." American Economic Review.
23. Limão, N., and A. Venables. 2001. "Infrastructure, Geographical Disadvantage, Transport Costs and Trade." World Bank Economic Review 15(2):451-79.
24. McCulloch, R., and J. Pinera. 1977. "Trade as Aid: The Political Economy of Tariff Preferences for Developing Countries." American Economic Review 67(5):959-67.
25. Mendelowitz, Allan. 1994. "International Trade: Issues Concerning the Generalized System of Preferences." GAO/T-GGD-94-174, June 20. U.S. General Accounting Office, Washington, D.C.
26. OECD (Organisation for Economic Co-operation and Development). 2003. Tariffs and Trade: OECD Query and Simulation Package. Paris.
27. Panitchpakdi, Supachai. 2004. "Dr. Supachai Lauds IMF's New Policy." Statement before International Monetary and Financial Committee, April 24, Washington, D.C.
28. Perroni, C., and J. Whalley. 2000. "The New Regionalism: Trade Liberalization or Insurance?" Canadian Journal of Economics 33(1 ):1-24.
29. Sapir, A. 1981. "Trade Benefits under the EEC Generalized System of Preferences." European Economic Review 15(3):339-55.
30. Sapir, A., and L. Lundberg. 1984. "The US Generalized System of Preferences and Its Impacts." In A.O. Krueger and R.E. Baldwin, eds., The Structure and Evolution of US Trade Policy. National Bureau of Economic Research Conference Report. Chicago, Ill.: University of Chicago Press.
31. Stevens, C., and J. Kerman. 2004. "Making Preferences More Effective." Briefing Paper. Institute of Development Studies, Brighton, U.K.
32. Subramanian, A. 2004. "Financing of Losses From Preference Erosion." WT/TF/COH/14. Communication from the International Monetary Fund. World Trade Organization, Geneva.
33. Tangermann, S. 2002. "The Future of Preferential Trade Arrangements for Developing Countries and the Current Round of WTO Negotiations on Agriculture." Rome: Food and Agriculture Organization.
34. Trebilcock, M. J., and R. Howse. 1999. The Regulation of International Trade. Second edition. New York: Routledge.
35. UNCTAD (United Nations Conference on Trade and Development). 1964. "Towards a New Trade Policy for Development." Report by the Secretary-General Of UNCTAD. New York.
36. UNCTAD (United Nations Conference on Trade and Development). 2000. "Generalized System of Preferences: Handbook on the Scheme of the USA." UNCTAD/ITCD/TSB/Misc.58. Geneva.
37. UNCTAD (United Nations Conference on Trade and Development). 2002. "Handbook on the Scheme of the European Community." UNCTAD/ITCD/TSB/ Misc.25/Rev.2. Geneva.
38. UNCTAD (United Nations Conference on Trade and Development). 2003. "Trade Preferences for LDCs: An Early Assessment of Benefits and Possible Improvements." UNCTAD/ITCD/TSB/2003/8. Geneva.
39. USITC (United States International Trade Commission). 1994. "Andean Trade Preference Act: Effect on the U.S. Economy and on Andean Drug Crop Eradication and Crop Substitution." Washington D.C.
40. USITC (United States International Trade Commission). 1996. "Andean Trade Preference Act: Effect on the U.S. Economy and on Andean Drug Crop Eradication and Crop Substitution." Washington, D.C.
41. USTR (Office of the United States Trade Representative). 2004. "Morocco FTA Leads to Progress on Labor Reform." Fact sheet. Washington, D.C. [http://www.ustr.gov/Document_Library/Fact_Sheets/2004/ Morocco_FTA_Leads⊤_ Progress_on_Labor_Reform.html].
42. USTR (Office of the United States Trade Representative). 2005. "U.S. Generalized System of Preferences Guidebook." Washington, D.C. [http://www.ustr.gov/assets/Trade_Development/PreferenceΡograms/GSP/ asset_upload_file267_8359.pdf].
43. Winters, A. 1993. "Expanding EC Membership and Association Accords: Recent Experience and Future Prospects." In K. Anderson and R. Blackhurst, eds., Regional Integration and the Global Trading System. New York: St. Martin's Press.
44. Winters, A. 1999. "Regionalism vs. Multilateralism." In R. Baldwin, D. Cohen, A. Sapir, and T. Venables, eds., Market Integration, Regionalism and the Global Economy. Cambridge, U.K.: Centre for Economic Policy Research.
45. Winters A. 2004. "Adjustment Assistance for Trade Liberalization." World Bank, Washington, D.C.