Multilateral Trade Liberalization and Government Revenue

Multilateral Trade Liberalization and Poverty Reduction

Effects of Multilateral Trade Liberalization on Prices∗

To analyze the effects on prices of simultaneous tariff reductions by multiple importing countries, we construct a simple three-country model where a good is produced by a monopolist with non-constant marginal cost and imported by two countries. We specifically compare two representative tariff-reduction formulas: the "fixed-amount" and the "uniform percentage" reductions. The uniform percentag...

Trade Liberalization and Investment in a Multilateral Framework

Trade Liberalization and Investment in a Multilateral Framework This paper explores trade policy and investment linkages in a multicountry framework. This is done under alternative steady-state closure rules linking trade to consumption, production, and investment, and emphasizing the general equilibrium nature of capital accumulation mechanisms. When policy shocks are capital friendly, induced...

The Value of Multilateral Trade Liberalization and the Need for Third-Party Sanction

The GATT/WTO and preferential trade agreements help member countries to achieve further gains from trade by promoting deeper trade liberalization. In general, free trade does not automatically follow from individualistic behavior. A major reason for this has to do with the existence of monopolistic power in trade. Trade liberalization requires that countries behave cooperatively and reciprocall...

BROOKINGS DISCUSSION PAPERS IN INTERNATIONAL ECONOMICS No. 134 REGIONAL AND MULTILATERAL TRADE LIBERALIZATION: THE EFFECTS ON TRADE, INVESTMENT AND WELFARE

This paper explores the impact on economies of trade liberalization under alternative regional and multilateral arrangements: unilateral liberalization; liberalization as part of the ASEAN regional grouping; liberalization as part of the APEC regional grouping; or liberalization as part of a multilateral trade liberalization regime. The paper is based on a Dynamic Intertemporal General Equilibr...