| How Can South Asia and Sub-Saharan Africa Gain From the Next WTO Round? |
Kym Anderson, Shunli Yao, |
University of Adelaide
Chinese Academy of Sciences |
| Copyright ©2003 The Journal of Economic Integration |
| ABSTRACT |
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If South Asia and Sub-Saharan Africa are to become constructively engaged in the next attempt by World Trade Organization (WTO) members to liberalize trade multilaterally, they need to be convinced that there will be sufficient gains from trade reform to warrant the inevitable costs of negotiation and adjustment. This paper provides new estimates of the likely economic effects on their economies of further liberalizing world trade post-Uruguay Round. The results show that the developing countries of South Asia and Sub-Saharan Africa have much to gain from taking part in the next round. However, those gains will be far greater the more those countries are willing to embrace reform at home so as to enable their firms to take greatest advantage of the opportunities provided by the opening up of markets abroad. JEL Classifications: F13, F15, F17, O19 |
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| REFERENCE |
| 1. |
Anderson, K., B. Dimaranan, T. Hertel and W. Martin (1997), "Economic Growth and Policy Reforms in the APEC Region: Trade and Welfare Implications by 2005", Asia-Pacific Economic Review 3(1), 1-18, April. |
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| 2. |
Anderson, K. and A. Strutt (1999), "Impact of East Asia's Growth Interruption and Policy Responses: The Case of Indonesia", Asian Economic Journal 13(2), 205-18, June. |
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