OECD Development Centre Policy Briefs
- Discontinued
The OECD Development Centre links OECD members with developing and emerging economies and fosters debate and discussion to seek creative policy solutions to emerging global issues and development challenges. OECD Development Centre Policy Briefs summarise conclusions reached for policy makers.
Also available in: French
- ISSN: 20771681 (online)
- https://doi.org/10.1787/20771681
Trade Liberalisation
What's at Stake?
• Trade barriers seriously distort patterns of international trade, allocation of
resources, and economic growth. The total economic costs of the barriers are
estimated to exceed $475 billion per annum
• Partial reform, such as envisaged in the Uruguay Round, would yield benefits
of $195 billion per annum, of which over $90 billion would accrue to developing
and formerly centrally planned countries
• The EC, Japan, and EFTA, stand to gain most from liberalisation
• Trade liberalisation will raise rural incomes in developing countries
Also available in: French
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