The Effect of Membership in the GATT/WTO on Trade: Where Do We Stand?

Andrew Rose

Chapter 7 in Is the World Trade Organization Attractive Enough for Emerging Economies?, 2010, pp 195-216 from Palgrave Macmillan

Abstract: Abstract Around four years ago I began to work on the effects of the World Trade Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT).1 I was interested in quantifying the effects of membership in these multilateral trade organizations on international trade. I fully expected to find a large positive effect and was primarily interested in comparing this to the effects of other things that enhanced trade (particularly the effects of currency unions). However, I was astonished to find that a naïve look at the data yielded little evidence that membership of GATT/the WTO had an effect on trade that was either economically or statistically substantive. In this chapter, I review the small literature that has developed around this issue.

Keywords: World Trade Organization; Trade Policy; Bilateral Trade; Uruguay Round; Most Favored Nation (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25082-6_8

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DOI: 10.1057/9780230250826_8

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