Setting the Trade Policy Agenda: What Roles for Economists?
36 Pages Posted: 22 Apr 2005
Date Written: April 2005
Economists have influenced the trade policy agenda for establishing multilateral trade rules, disciplines and procedures and for negotiating most-favored nation and preferential reductions in trade barriers and subsidies, in addition to affecting the agenda for unilateral policy reform. These roles are considered in turn, before focusing on the economists' contribution though quantifying the extent and effects of existing trade distortions and alternative reform initiatives. Many trade distortions remain, however, so the paper then looks at where trade economists' efforts in agenda-setting need to be focused in the years ahead.
Keywords: trade rules, trade policy reform, cost of protection, empirical modelling of effects
JEL Classification: F13, Q17
Suggested Citation: Suggested Citation