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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Bibliographic Details
Main Author: Goldin, Ian
Other Authors: van der Mensbrugghe, Dominique
Format: eBook
Language:English
Published: Paris OECD Publishing 1992
Series:OECD Development Centre Policy Briefs
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
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520 |a • 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