The Wto Global Trade Model

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The Wto Global Trade Model

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Author : Angel Aguiar
language : en
Publisher:
Release Date : 2019

The Wto Global Trade Model written by Angel Aguiar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.

This document provides a technical description of the WTO Global Trade Model developed by the Center for Global Trade Analysis (GTAP) and the World Trade Organization (WTO). The model can be used to generate global trade projections and to assess the medium and long run effects of a wide range of global and national trade policies. The WTO Global Trade Model is a recursive dynamic extension of the static GTAP model (Corong et al., 2017), and implements a parsimonious approach to incorporate monopolistic competition - i.e., Eithier-Krugman or Melitz-type firm heterogeneity - in the standard GTAP model following Bekkers and Francois (2018).

Potential Economic Effects Of A Global Trade Conflict

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Author : Eddy Bekkers
language : en
Publisher:
Release Date : 2019

Potential Economic Effects Of A Global Trade Conflict written by Eddy Bekkers and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.

The WTO Global Trade Model is employed to project the medium-run economic effects of a global trade conflict. The trade conflict scenario is based on recent estimates in the literature of the difference between cooperative and non-cooperative tariffs. The study provides three main insights. First, the projected macroeconomic effects in the medium run are considerable. A global trade conflict started in 2019 would lead to a reduction in global GDP in 2022 of about 1.96% and a reduction in global trade of about 17% compared to the baseline. For context global GDP fell about 2.1% and global trade 12.4% in the global financial crisis of 2009. Second, behind the single-digit aggregate production effects there are much larger, double-digit sectoral production effects in many countries, leading to a painful adjustment process. In general, a global trade conflict leads to a reallocation of resources away from the most efficient allocation based on comparative advantage. Third, the large swings in sectoral production lead to substantial labour displacement. On average 1.15% and 1.74% of high-skilled and low-skilled workers respectively would leave their initial sector of employment.

Global Trade Policy

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Author : Pamela J. Smith
language : en
Publisher: John Wiley & Sons
Release Date : 2013-07-09

Global Trade Policy written by Pamela J. Smith and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-09 with Political Science categories.

Using a unique, question-based format, Global Trade Policy offers accessible coverage of the key questions in trade and policy; it charts the changing policy landscape and evolving institutional arrangements for trade policies, examines trade theory, and provides students with an economic framework to better understand the current issues in national and international trade policy. Uses a unique, question-based format to explore the questions and current debates in international trade policy and their implications Explores trade theory to help guide discussions of trade policy, including traditional theories of inter-industry trade, as well as newer theories of intra-industry and intra-firm trade Examines the national and international effects of widely used policies designed to directly and indirectly affect trade, and considers the evolving institutional arrangements for these Charts the changing policy landscape from traditional trade policies – such as tariffs, quantitative restrictions, and export subsidies – to those including intellectual property rights, labor, the environment, and growth and development policies Covers national as well as global perspectives and their interaction, helping to explain opposing views on trade policy and liberalization Includes applied exercises enabling students to explore open-ended and realistic questions of policy debate, making it ideal for classroom use; an instructor’s manual and a range of other resources are available at www.wiley.com/go/globaltradepolicy

Demystifying Modelling Methods For Trade Policy

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Author : Roberta Piermartini
language : en
Publisher:
Release Date : 2005

Demystifying Modelling Methods For Trade Policy written by Roberta Piermartini and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Commerce categories.

Strengthening The Global Trade Architecture For Development

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Author : Bernard M. Hoekman
language : en
Publisher: World Bank Publications
Release Date : 2002

Strengthening The Global Trade Architecture For Development written by Bernard M. Hoekman and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Developing countries categories.

The World Trade Organization (WTO) has a role to play in strengthening the global trading system for development, primarily by lowering barriers to trade in goods and services and ensuring that trade rules are useful to Developing countries. But greater international cooperation must complement WTO-based negotiations, in particular, concerted action outside the WTO to enhance the trade capacity of poor countries ("aid for trade").

Trade Patterns And Global Value Chains In East Asia

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Author : World Trade Organization
language : en
Publisher:
Release Date : 2011

Trade Patterns And Global Value Chains In East Asia written by World Trade Organization and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.

The Evolving Global Trade Architecture

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Author : Dilip K. Das
language : en
Publisher: Edward Elgar Publishing
Release Date : 2007

The Evolving Global Trade Architecture written by Dilip K. Das and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Law categories.

This book is useful for scholars and practitioners who did not follow the GATT/WTO negotiations and who desire to acquire a comprehensive background on the subject. Mordechai E. Kreinin, Journal of Economic Literature This comprehensive and accessible book examines the evolution of the multilateral trade regime in the ever-changing global economic environment, particularly during the WTO era and the ongoing Doha Round. Professor Das explores how the creation of the multilateral trade regime, or the GATT/WTO system, has been fraught with difficulties. He describes the ways, by means of various rounds of negotiations, the multilateral trade regime has constantly adjusted itself to the new realities of the global economy. One glance at the recent history indicates that the evolution of the multilateral trade regime was far from even-handed and steady. The GATT/WTO system was repeatedly pushed to the brink of utter and ignominious disaster. Yet, as the author illustrates, the participating economies persevered. Consequently, the fabric of multilateral trade regime is stronger, its foundation deeper and its framework wider now than it was a generation ago. Unlike the GATT era, membership of the present trade regime is close to universal. The author concludes that of the two phases, the latter has turned out to be the more arduous, intricate and complex phase of evolution. Students and scholars of economics, international trade, international political economy and international relations will find this study of great interest. The definitions and explanations of terminology and advanced concepts make the book accessible to those without an extensive economic background.

A World Trade Organization For The 21st Century

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Author : Richard Baldwin
language : en
Publisher: Edward Elgar Publishing
Release Date : 2014-11-28

A World Trade Organization For The 21st Century written by Richard Baldwin and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-28 with Business & Economics categories.

ø Policy makers will benefit from the expert knowledge and policy lessons presented in this book, and development economists and researchers will profit from its critical examination of the world trading system. Undergraduate and postgraduate studen

International Trade Cooperation S Impact On The World Economy

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Author : Jeanne Métivier
language : en
Publisher:
Release Date : 2023

International Trade Cooperation S Impact On The World Economy written by Jeanne Métivier and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.

In this study, we investigate three trade policy scenarios: i) the revival of multilateralism, ii) plurilateral cooperation, and iii) geopolitical rivalry. In the first scenario, both tariffs and NTMs are reduced on a multilateral basis. In the second scenario, varying groups of countries cooperate on specific topics, such as E-commerce and services. In the last scenario, two main blocks emerge: a Western block and an Eastern block. International cooperation breaks down between blocks, leading to an increase in tariffs and NTMs, with blocks of countries setting up their own set of rules. Our findings are based on simulations with the WTO Global trade Model which has a specific novel feature: the diffusion of ideas between countries as a by-product of trade. The simulations indicate that: (i) there is a lot at stake for global trade cooperation, with global real GDP increasing by 3.2% compared to the baseline under multilateral cooperation and decreasing by 5.4% under geopolitical rivalry; (ii) LDCs would gain the most from multilateralism (real GDP increases by 4.8%) due to technology spillover effects; (iii) under both "open" and "exclusive" plurilateral agreements on services, most regions are projected to gain, with larger gains to participants if the initiative is "open" than if it is "exclusive"; (iv) intermediate linkages in services sectors will be reinforced in all scenarios, except under geopolitical rivalry; (v) geopolitical rivalry leads to a 21 percentage points decrease in exports between Western and Eastern blocks from 46% to 25%; and (vi) the WTO has an important role to play in preserving a free trade environment for developing countries and LDCs. The simulations show that in a decoupling world, it would be essential for LDCs to continue trading with both Eastern and Western blocks.

Applied Trade Policy Modeling In 16 Countries Insights And Impacts From World Bank Cge Based Projects

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Author : David G Tarr
language : en
Publisher: World Scientific
Release Date : 2014-04-22

Applied Trade Policy Modeling In 16 Countries Insights And Impacts From World Bank Cge Based Projects written by David G Tarr and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04-22 with Political Science categories.

This book focuses on the World Bank projects, led by the author, based on computable general equilibrium models of international trade policy. The chapters show an unusual combination of policy relevance, advice and impact, with academic rigor and international trade theory insights. The author discusses some of the policy contexts for the requests from developing and transition countries to the World Bank, the key trade theory or policy insights, policy recommendations and conclusions, and the policy impacts.