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The Benefits of Trade Liberalisation and WTO Members' Negotiating Positions: Are Imports Really Bad?
- Article from:
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Aussenwirtschaft
- Article date:
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June 1, 2008
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Copyright informationCopyright Hochschule St. Gallen für Wirstchafts- und Socialwissenschaften Jun 2008. Provided by ProQuest LLC. (Hide copyright information)
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The traditional notion among trade economists is that governments perceive imports to be detrimental and accept them only in exchange for foreign market access. In contrast, the results of a survey of the national missions at the WTO presented in this article indicate that governments see substantial benefits in domestic trade liberalisation. For most governments, these benefits approximately balance the associated costs. Countries appear to complain about being forced to open markets for political rather than economic reasons.
JEL Codes: F02, F13
Keywords: trade liberalisation, trade negotiations
1 Introduction
Anyone who has tried to make sense of international trade negotiations ...
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