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Trade Liberalisation: What's at Stake?

Ian Goldin and Dominique van der Mensbrugghe ()

No 5, OECD Development Centre Policy Briefs from OECD Publishing

Abstract: • 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

Date: 1992-06-01
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