Working Paper: CEPR ID: DP1533
Authors: Joseph F. Francois; Bradley McDonald
Abstract: In this paper we provide a quantitative examination of initiatives for post-Uruguay Round liberalization in ?traditional? GATT/WTO market access areas, as a counterpoint to the recent policy literature on newer issues such as the environment, competition policy, and labour standards. We emphasize issues such as industrial tariff liberalization, agricultural trade liberalization, recent proposals for free trade in information technologies, and an expanded Agreement on Government Procurement, along with the benefits of fully implementing the Uruguay Round Agreements. We provide a quantitative assessment of the relative magnitudes of various liberalization proposals using a computable model of the global economy.
Keywords: World Trade Organization; Uruguay Round; Trade Liberalization
JEL Codes: F13; F47
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| elimination of remaining tariffs on information technology products (F13) | global income (F61) |
| 50% reduction in remaining industrial tariffs (F13) | global welfare gains (D69) |
| participation from developing countries (O10) | realized welfare gains (D69) |