OECD Trade Policy Studies Trading Up Economic Perspectives on Development Issues in the Multilateral Trading System: GLOBAL MERCHANDISE TRADE REFORM: DISAGGREGATING THE WELFARE IMPACTS
The welfare impacts of global trade policy reforms are typically compared to two reference situations, a current baseline and one following full merchandise trade reform. The first purpose of this chapter is to illustrate the gains that can be achieved in the latter situation and to highlight the sources of these gains, i.e. what proportion comes from different regions (e.g. high‐income versus developing), what proportion comes from different sectors (e.g. agriculture versus manufacturing) and what proportion can be attributed to the so‐called three pillars (market access, domestic support and export subsidies).
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Document Type: Review Article
Publication date: May 1, 2006