In the light of endeavours for a Global System of Trade Preferences (GSTP) among developing countries, this article is concerned with the extent and structure of trade control measures in developing countries against imports of manufactures. More specifically, tariff charges, specific tariffs and quantitative restrictions are examined in selected developing countries. The analysis suggests that...

Despite the growing political priority given to making trade work for the majority in Latin America, a notable gap exists in the knowledge about the distributive impacts of trade integration. This study attempts to fill this gap: it surveys the most recent contributions to the mainstream trade economics literature, assesses their relevance for Latin America and concentrates on specific quantita...

Protection buyers share risk with protection sellers, whose assets are only imperfectly pledgeable because of moral hazard. To mitigate moral hazard, privately optimal contracts involve variation margins. When margins are called, protection sellers must sell some of their assets to other investors. We analyse, in a general equilibrium framework, whether this leads to ine¢ cient …re sales. If ma...

Globalisation induces nation states to build marketplaces that span various countries with the objective of facilitating trade and improving economic competitiveness. International experiences gained from three common markets, the European Union (EU), North American Free Trade Agreement (NAFTA) and Common Southern Market (MERCOSUR) allow for drawing some general conclusions that might be helpfu...