Free Trade Today by Jagdish Bhagwati Princeton University Press, Princeton and Oxford, 2002, pp. 121. Free Trade under Fire by Douglas A. Irwin Princeton University Press, Princeton and Oxford, 2002, pp. 253.
Free Trade Today by Jagdish Bhagwati and Free Trade under Fire by Douglas A. Irwin . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bijit Bora The Role of the World Trade Organization in Global Governance by Gary P. Sampson . . . . . . . . . . . . . . . . . . . . . . . . . . Miles Kahler The Political Economy of Environmental Protectionism by Achim Körber . . . . . . . . . . . . . . . . . . . . . . . . . Axel Michaelowa
WHAT CAN THE DEVELOPING COUNTRIES INFER FROM THE URUGUAY ROUND MODELS FOR FUTURE NEGOTIATIONS
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A User's Guide to Uruguay Round Assessments
In this paper we provide a broad overview of the computable general equilibrium (CGE) literature on the Uruguay Round, detailing the policy experiments of various studies and differences in model structures and relating these to the overall pattern of results. We supplement this overview with a discussion of implementation and offsetting factors. Overall, the literature points to significant potential gains from the Uruguay Round, particularly from non-tariff barrier (NTB) liberalization. Strict monitoring and enforcement of NTB-related provisions would yield significant benefits, while lax implementation would imply significant missed opportunities.