Trade Liberalisation What's at Stake?
• Trade barriers seriously distort patterns of international trade, allocation of resources, and economic growth. The total economic costs of the barriers are estimated to exceed $475 billion per annum • Partial reform, such as envisaged in the Uruguay Round, would yield benefits of $195 billion per...
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| Format: | eBook |
| Language: | English |
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Paris
OECD Publishing
1992
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| Series: | OECD Development Centre Policy Briefs
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| Collection: | OECD Books and Papers - Collection details see MPG.ReNa |
| Summary: | • Trade barriers seriously distort patterns of international trade, allocation of resources, and economic growth. The total economic costs of the barriers are estimated to exceed $475 billion per annum • Partial reform, such as envisaged in the Uruguay Round, would yield benefits of $195 billion per annum, of which over $90 billion would accrue to developing and formerly centrally planned countries • The EC, Japan, and EFTA, stand to gain most from liberalisation • Trade liberalisation will raise rural incomes in developing countries |
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| Physical Description: | 32 p. 21 x 29.7cm |