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Trading Up

Economic Perspectives on Development Issues in the Multilateral Trading System

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The prospect of further trade liberalisation sometimes attracts a noisy public discourse, particularly with respect to the possible implications for developing countries. This volume considers trade and development from an economic perspective, aiming to examine these emotive issues using empirical approaches and dispassionate analysis. What are the potential welfare impacts on developing countries from further liberalisation?  What economic adjustments would such liberalisation entail?  What policy options exist for developing countries seeking to seize on new market opportunities while responding to the associated structural challenges? Trading Up:  Economic Perspectives on Development Issues in the Multilateral Trading System delivers new insights from the latest OECD and World Bank research on these questions and related topics.

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Agricultural Policy Reform, Factor Returns and Household Welfare

Governments of most developed and many developing countries impose tariffs on imports in order to boost domestic market prices of agricultural commodities. In some OECD countries governments may top up the financial benefits of this market price support through other means, e.g. direct budgetary payments, favourable tax treatment, and subsidised credit.

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