Multilateral Institutions and Unilateral Trade Liberalisation in Developing Countries

David Greenaway and Oliver Morrissey

Chapter 8 in Trade and Development, 1996, pp 135-160 from Palgrave Macmillan

Abstract: Abstract Jagdish Bhagwati has been a major figure in the fields of international trade and economic development for almost 40 years now. Two generations of scholars and policy-makers have been influenced to a significant degree by his thinking and writing. So too have the major multilateral agencies, in particular the World Bank and the GATT. In 1986–7 he held a senior advisory post in the World Bank; from 1992–4 he was Economic Adviser to the Director-General of GATT. He has vigorously defended the role of these international agencies, in particular the Bank’s role in promoting more open trade regimes in developing countries and the GATT’s role in providing a stable set of rules within which international commerce is conducted. In our tribute to Bhagwati we evaluate the role of the World Bank and GATT in recent liberalisation efforts in developing countries and speculate on how these roles might evolve in the post-Uruguay Round setting.

Keywords: World Trade Organisation; Trade Liberalisation; Uruguay Round; Tariff Reduction; Multilateral Institution (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1007/978-1-349-25040-0_8

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