The challenge of reducing subsidies and trade barriers, Vol. 1 of 1

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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:	2004/09/01	Document Type:	Policy Research Working Paper
Language:	English	Region:	The World Region
Report Number:	WPS3415	SubTopics:	Environmental Economics & Policies; Rules of Origin; Payment Systems & Infrastructure; Economic Theory & Research; Trade Policy; Free Trade; Trade and Regional Integration
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.


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File Type		Description	File Size (mb)

	PDF 59 pages	Official version*	0.41
	Text	Text version**


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File Type		Description	File Size (mb)

	PDF 59 pages	WPS3415	0.41

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