Trade Liberalisation [E-Book]: What's at Stake? / Ian Goldin and Dominique van der Mensbrugghe
Goldin, Ian.
van der Mensbrugghe, Dominique.
Paris : OECD Publishing, 1992
32 p. ; 21 x 29.7cm.
OECD Development Centre Policy Briefs ; 5
Full Text
• 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