Globalizing the Trade Policy

Trade Liberalization in a Globalizing World

Trade Liberalization in a Globalizing World Globalization is not only about the rise of trade, FDI, and migration. It is also about the changing linkages among these flows. The main findings of the paper can be summarized as follows. First, at least in the nineties, import trade liberalization fostered not only trade but also inward investment, confirming that trade and FDI toward developing co...

South African Trade Policy Matters : Trade Performance and Trade Policy

South African trade policy has exerted a major influence on the composition and aggregate growth of trade. In the Apartheid period, trade protection seriously impeded both exports and imports, and the economy depended on favorable global commodity price trends to avoid running into an external constraint. South Africa developed a comparative advantage in capital-intensive primary and manufactur...

Trade Policy: The Normative Dimension

Welfare Reducing Trade and Optimal Trade Policy

This paper shows that free trade reduces the welfare of a small country with unemployment unless the free trade price if the importable falls below the autarky equivalent price. A decline in the price of the importable from the autarky level not only improves the terms of trade but also reduces employment and production in the importable sector. A numerical example illustrates that the autarky ...

Trade and Information Policy

As society is transformed by the usc of new technologies, information policy issues cross traditional boundaries to be found in a wide range of decision-making arenas. The New World Information Order (NWIO) debate lies relatively quiescent in Unesco, but surfaces in international trade negotiations in response to the US push to get trade in services, or international information flows, included...