Click here for search results
The challenge of reducing subsidies and trade barriers
 
Author:Anderson, Kym; Collection Title:Policy, Research working paper series ; no. WPS 3415
Country:World; Date Stored:2004/10/14
Document Date:2004/09/01Document Type:Policy Research Working Paper
SubTopics:Environmental Economics & Policies; Rules of Origin; Payment Systems & Infrastructure; Economic Theory & Research; Trade Policy; Free Trade; Trade and Regional IntegrationLanguage:English
Region:The World RegionReport Number:WPS3415
Volume No:1 of 1  

Summary: This is one of 10 studies for the Copenhagen Consensus Project that sought to evaluate the most feasible opportunities to improve welfare globally and alleviate poverty in developing countries. The author argues that phasing out distortionary government subsidies and barriers to international trade will yield an extraordinarily high benefit-cost ratio. A survey is provided of recent estimates using global economy-wide simulation models of the benefits of doing that by way of the current Doha round of multilateral trade negotiations. Even if adjustment costs are several times as large as suggested by available estimates, the benefit-cost ratio from seizing this opportunity exceeds 20. That is much higher than the rewards from regional or bilateral trade agreements or from providing preferential access for least-developed countries' exports to high-income countries. Such reform would simultaneously contribute to alleviating several of the other key challenges reflected in the United Nation's Millennium Development Goals.

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 59 pagesOfficial version*0.41
TextText version**
How To Order
Light-Weight Documents
Lighter (less MB) documents which may or may not be the final, official version
File TypeDescriptionFile Size (mb)
PDF 59 pagesWPS34150.41

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.



Permanent URL for this page: http://go.worldbank.org/F6ACFZBK40