Kiel Working Papers, Kiel Institute for World Economics
No 990:
WTO Negotiation and Accession Issues for Vulnerable Economies
Rolf J. Langhammer and Matthias Lücke
Abstract: The paper discusses the costs and benefits to be expected
by least-developed and low-income (‘vulnerable’) economies if they accede
to the WTO, the impact of current debates about WTO reform on vulnerable
economies, and measures to make it easier for vulnerable economies to
accede to and actively participate in the WTO. The main conclusion is that
the benefits from WTO membership in terms of improved market access for
traditional exports are likely to be limited. However, by submitting a wide
range of trade-related policies to international scrutiny and by entering
into binding commitments on the conduct of these policies, reform-oriented
governments in vulnerable economies can make it more likely that their
reforms will be successful.
JEL-Codes: F13; (follow links to similar papers)
27 pages, July 2000
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