World Bank Trade Models and the Doha Debate

Rudi Arnim and Lance Taylor

Chapter 14 in Advances in Monetary Policy and Macroeconomics, 2007, pp 257-279 from Palgrave Macmillan

Abstract: Abstract As this chapter is being written, the World Trade Organization’s 149 members are engaged in the 9th world round of multilateral trade negotiations, the first following the WTO’s creation in 1994. In December 2005 the nations’ trade representatives hurried to Hong Kong, where the 6th Ministerial Conference was supposed to pave the way — at least two-thirds — towards an agreement. While the 5th Ministerial Conference in Cancun in 2003 unmistakably failed, Hong Kong did not, although it fell far short of what the trade and development community considers a success. Over the course of the first few months of 2006, negotiations in Geneva and member countries continued in order to avoid failure, which is expected to come about if an agreement is not found before President Bush’s ‘fast track’ negotiating power expires at the end of the calendar year 2006.

Keywords: Exchange Rate; Monetary Policy; Current Account; Trade Flow; Social Account Matrix (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-80076-2_14

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DOI: 10.1057/9780230800762_14

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