Growth, Globalization, and the Gains from the Uruguay Round

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4./5 ( download)

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Book Synopsis Growth, Globalization, and the Gains from the Uruguay Round by :

Download or read book Growth, Globalization, and the Gains from the Uruguay Round written by and published by World Bank Publications. This book was released on 1996 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Growth, Globalization, and Gains from the Uruguay Round

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (913 download)

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Book Synopsis Growth, Globalization, and Gains from the Uruguay Round by : Thomas Warren Hertel

Download or read book Growth, Globalization, and Gains from the Uruguay Round written by Thomas Warren Hertel and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: June 1996 Emphasizing the importance of evaluating the Uruguay Round in the context of a changing world economy, the authors base their projections on a model that incorporates certain economic shifts: 1) that the center of economic gravity will shift toward the South and toward Asia (a shift that is already under way and shows no signs of abating), and 2) that the pattern of comparative advantage will continue to change, with the East Asian economies gaining comparative advantage in the production of physical and human-capital-intensive products. The authors argue that these changes in the global economy significantly affect their analysis of the Uruguay round reforms, for two reasons. First, with the global distribution of trade and production shifting toward Asia, the deeper Uruguay Round cuts in that region become more important, giving rise to a 17 percent increase in the proportionate welfare gain after implementation of tariff cuts. Second, without the Round, almost all of the bilateral quotas associated with the Multifibre Arrangement (MFA) would have become more binding and the resulting distortion would have been significantly greater. In this analysis, the global gain from MFA reform is 60 percent greater than it would have been without taking into account the effects of growth. Of course, procedures for implementation of the MFA reforms are more complex than they have conveyed for purposes of analysis. In practice, one must also consider the impact of accel quota growth under the Agreement on Textiles and Clothing. But even when the Agreement on Textiles and Clothing is implemented over the period for which projections were made, quota rents rise for many bilateral flows. This is a consequence both of shifts in comparative advantage toward the supplying countries and of simultaneous cuts in tariffs on textiles and clothing. The projections approach used here may be viewed as a logical extension of the growing econometric literature seeking to explain the determinants of economic growth through regression analysis. By offering a bridge between econometric evidence and computable general equilibrium modeling, the authors hope to combine the two approaches to help shed light on the interaction between trade reform and economic growth.

Growth, Globalization, and Gains from the Uruguay Round

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Author :
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Growth, Globalization, and Gains from the Uruguay Round by : Thomas W. Hertel

Download or read book Growth, Globalization, and Gains from the Uruguay Round written by Thomas W. Hertel and published by . This book was released on 2016 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emphasizing the importance of evaluating the Uruguay Round in the context of a changing world economy, the authors base their projections on a model that incorporates certain economic shifts: 1) that the center of economic gravity will shift toward the South and toward Asia (a shift that is already under way and shows no signs of abating), and 2) that the pattern of comparative advantage will continue to change, with the East Asian economies gaining comparative advantage in the production of physical and human-capital-intensive products. The authors argue that these changes in the global economy significantly affect their analysis of the Uruguay round reforms, for two reasons. First, with the global distribution of trade and production shifting toward Asia, the deeper Uruguay Round cuts in that region become more important, giving rise to a 17 percent increase in the proportionate welfare gain after implementation of tariff cuts. Second, without the Round, almost all of the bilateral quotas associated with the Multifibre Arrangement (MFA) would have become more binding and the resulting distortion would have been significantly greater. In this analysis, the global gain from MFA reform is 60 percent greater than it would have been without taking into account the effects of growth. Of course, procedures for implementation of the MFA reforms are more complex than they have conveyed for purposes of analysis. In practice, one must also consider the impact of accel quota growth under the Agreement on Textiles and Clothing. But even when the Agreement on Textiles and Clothing is implemented over the period for which projections were made, quota rents rise for many bilateral flows. This is a consequence both of shifts in comparative advantage toward the supplying countries and of simultaneous cuts in tariffs on textiles and clothing. The projections approach used here may be viewed as a logical extension of the growing econometric literature seeking to explain the determinants of economic growth through regression analysis. By offering a bridge between econometric evidence and computable general equilibrium modeling, the authors hope to combine the two approaches to help shed light on the interaction between trade reform and economic growth.

Comparative Advantage, Growth, and the Gains from Trade and Globalization

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Author :
Publisher : World Scientific
ISBN 13 : 9814340375
Total Pages : 716 pages
Book Rating : 4.8/5 (143 download)

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Book Synopsis Comparative Advantage, Growth, and the Gains from Trade and Globalization by : Robert M. Stern

Download or read book Comparative Advantage, Growth, and the Gains from Trade and Globalization written by Robert M. Stern and published by World Scientific. This book was released on 2011 with total page 716 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alan Deardorff was 65 years old on June 6, 2009. To celebrate this occasion, a Festschrift in his honor was held on October 2OCo3, 2009, in the Rackham Amphitheater at the University of Michigan in Ann Arbor. The Festschrift was entitled OC Comparative Advantage, Economic Growth, and the Gains from Trade and Globalization: A Festschrift in Honor of Alan V Deardorff.OCO It was co-organized by two of Professor Deardorff''s former students, Drusilla Brown of Tufts University and Robert Staiger of Stanford University, together with Robert Stern representing the University of Michigan. The first day of the Festschrift involved a series of panels in which invited participants reflected on Professor Deardorff''s contributions, including his writings on: comparative advantage; trade and growth; the gains from trade and globalization; and computational modeling and trade policy analysis. The panel participants prepared written comments, setting out their evaluation of Professor Deardorff''s contributions combined with their own thoughts on the current state of knowledge and analysis of the particular topic. At the end of the first day, Paul Krugman of Princeton University and The New York Times delivered a Citigroup Foundation Special Lecture entitled OC Reflections on Globalization: Yesteryear and Today.OCO All of these papers and Krugman''s lecture are contained in the volume."

The Free Trade Adventure

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Publisher : Melbourne University
ISBN 13 :
Total Pages : 344 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Free Trade Adventure by : Graham Dunkley

Download or read book The Free Trade Adventure written by Graham Dunkley and published by Melbourne University. This book was released on 1997 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1994 Uruguay Round agreement of the General Agreement on Tariffs and Trade has been heralded as one of the greatest trade agreements in history. However, to some observers it is the road to economic, social and environmental ruin, while to others it represents little more than the creation of a world-dominating bureaucracy which will be controlled entirely by giant transnational corporations. This text outlines the social, political and economic climate in which the 7-year Uruguay Round negotiations took place. It examines the implications and likely outcomes of the round in the wider context of the contemporary thrust towards global free trade and economic globalization.

The Trading System After the Uruguay Round

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Publisher : Washington, DC : Institute for International Economics
ISBN 13 :
Total Pages : 234 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis The Trading System After the Uruguay Round by : John Whalley

Download or read book The Trading System After the Uruguay Round written by John Whalley and published by Washington, DC : Institute for International Economics. This book was released on 1996 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are growing pressures to reform the international trading system beyond whatever is accomplished in the Uruguay Round. This study assesses the present GATT system and concludes that the need for further reform is far-reaching. Whalley finds that the principles underlying the current system - nondiscrimination and multilateralism - will not adequately serve in the future to reduce trade barriers and promote the benefits of trade. The study outlines new approaches to reduce the level of protection and harness new regional trading arrangements to improve global economic performance.

Assessing the Effects of the Uruguay Round

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Author :
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Assessing the Effects of the Uruguay Round by : OECD Trade Directorate

Download or read book Assessing the Effects of the Uruguay Round written by OECD Trade Directorate and published by . This book was released on 1993 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Uruguay Round

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Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.X/5 (2 download)

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Book Synopsis The Uruguay Round by : European Commission

Download or read book The Uruguay Round written by European Commission and published by . This book was released on 1994 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Globalization and the South

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Publisher :
ISBN 13 :
Total Pages : 124 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Globalization and the South by : Martin Khor

Download or read book Globalization and the South written by Martin Khor and published by . This book was released on 2000 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Text of this paper was circulated at the South Summit, Havana, Cuba, 10-14 Apr 2000.

Globalization and Its Discontents

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Publisher : W. W. Norton & Company
ISBN 13 : 0393071073
Total Pages : 304 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis Globalization and Its Discontents by : Joseph E. Stiglitz

Download or read book Globalization and Its Discontents written by Joseph E. Stiglitz and published by W. W. Norton & Company. This book was released on 2003-04-17 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.

Implications of the Uruguay Round Agreement for South Asia

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Author :
Publisher : Allied Publishers
ISBN 13 : 9780821342756
Total Pages : 224 pages
Book Rating : 4.3/5 (427 download)

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Book Synopsis Implications of the Uruguay Round Agreement for South Asia by : Benoit Blarel

Download or read book Implications of the Uruguay Round Agreement for South Asia written by Benoit Blarel and published by Allied Publishers. This book was released on 1999 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Trends 2040

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Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.7/5 (949 download)

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Book Synopsis Global Trends 2040 by : National Intelligence Council

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

World Development Report 2020

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Publisher : World Bank Publications
ISBN 13 : 1464814953
Total Pages : 511 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis World Development Report 2020 by : World Bank

Download or read book World Development Report 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-19 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.

Globalization and Development

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Publisher : Stanford University Press
ISBN 13 : 9780804749565
Total Pages : 238 pages
Book Rating : 4.7/5 (495 download)

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Book Synopsis Globalization and Development by : José Antonio Ocampo

Download or read book Globalization and Development written by José Antonio Ocampo and published by Stanford University Press. This book was released on 2003 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization and Development draws upon the experiences of the Latin American and Caribbean region to provide a multidimensional assessment of the globalization process from the perspective of developing countries. Based on a study by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), this book gives a historical overview of economic development in the region and presents both an economic and noneconomic agenda that addresses disparity, respects diversity, and fosters complementarity among regional, national, and international institutions. For orders originating outside of North America, please visit the World Bank website for a list of distributors and geographic discounts at http://publications.worldbank.org/howtoorder or e-mail [email protected].

Globalization, Growth, and Poverty

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Publisher : World Bank Publications
ISBN 13 : 9780821350485
Total Pages : 200 pages
Book Rating : 4.3/5 (54 download)

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Book Synopsis Globalization, Growth, and Poverty by : Paul Collier

Download or read book Globalization, Growth, and Poverty written by Paul Collier and published by World Bank Publications. This book was released on 2002 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization - the growing integration of economies and societies around the world, is a complex process. The focus of this research is the impact of economic integration on developing countries and especially the poor people living in these countries. Whether economic integration supports poverty reduction and how it can do so more effectively are key questions asked. The research yields 3 main findings with bearings on current policy debates about globalization. Firstly, poor countries with some 3 billion people have broken into the global market for manufactures and services, and this successful integration has generally supported poverty reduction. Secondly, inclusion both across countries and within them is important as a number of countries (pop. 2 billion) are failing as states, trading less and less, and becoming marginal to the world economy. Thirdly, standardization or homogenization is a concern - will economic integration lead to cultural or institutional homogenization?

Final Act Embodying the Results of the Uruguay Round of Multilateral Trade Negotiations

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Publisher : Office of the United States Trade Representative
ISBN 13 : 9780160430374
Total Pages : 514 pages
Book Rating : 4.4/5 (33 download)

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Book Synopsis Final Act Embodying the Results of the Uruguay Round of Multilateral Trade Negotiations by : United States. Office of the U.S. Trade Representative

Download or read book Final Act Embodying the Results of the Uruguay Round of Multilateral Trade Negotiations written by United States. Office of the U.S. Trade Representative and published by Office of the United States Trade Representative. This book was released on 1994 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Economic Prospects 2007

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Publisher : World Bank Publications
ISBN 13 : 0821367285
Total Pages : 216 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Global Economic Prospects 2007 by : World Bank

Download or read book Global Economic Prospects 2007 written by World Bank and published by World Bank Publications. This book was released on 2006 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the next 25 years developing countries will move to center stage in the global economy. Global Economic Prospects 2007 analyzes the opportunities - and stresses - this will create. While rich and poor countries alike stand to benefit, the integration process will make more acute stresses already apparent today - in income inequality, in labor markets, and in the environment. Over the next 25 years, rapid technological progress, burgeoning trade in goods and services, and integration of financial markets create the opportunity for faster long-term growth. However, some regions, notably Africa, are at risk of being left behind. The coming globalization will also see intensified stresses on the "global commons." Addressing global warming, preserving marine fisheries, and containing infectious diseases will require effective multilateral collaboration to ensure that economic growth and poverty reduction proceed without causing irreparable harm to future generations."