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By establishing free trade for industrial products in 12 years, the European Union’s Association Agreements with countries in the Mediterranean region seek to promote accelerated economic growth. This paper reviews the literature and evaluates the economic benefits and costs for Tunisia, Morocco, Lebanon, Egypt, and Jordan. It concludes that the benefits could be substantial, but only if accompanied by deep supplementary reforms, including extending trade liberalization to services and agriculture and on a multilateral basis, improving the environment for foreign direct investment, ensuring an adequate fiscal and exchange rate policy response, and strengthening European Union assistance.
Exports and Imports --- Taxation --- Trade Policy --- International Trade Organizations --- Economic Integration --- Trade: General --- International economics --- Public finance & taxation --- Trade liberalization --- Exports --- Tariffs --- Imports --- Trade agreements --- International trade --- Taxes --- Commercial policy --- Tariff --- Commercial treaties --- Tunisia
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Protectionism --- Free trade --- Competition, International. --- Protectionnisme --- Libre-échange --- Concurrence internationale --- European Union. --- Competition, International --- -Free trade --- -Protectionism --- -Free trade and protection --- Commercial policy --- Free trade and protection --- Trade, Free --- Trade liberalization --- International trade --- International competition --- World economics --- International relations --- War --- Economic aspects --- -European Union. --- Libre-échange --- E.U. --- Union européenne --- International economic relations --- European law --- European Union
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Free trade. --- Protectionism. --- Democracy. --- Free trade --- Protectionism --- Democracy --- Commerce --- Business & Economics --- International Commerce --- Economic Theory --- Self-government --- Political science --- Equality --- Representative government and representation --- Republics --- Free trade and protection --- Commercial policy --- Trade, Free --- Trade liberalization --- International trade --- United States --- Japan --- Emigration and immigration. --- Foreign economic relations --- Immigration
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Should a closed economy open its trade to all countries or limit itself to participation in regional trade agreements (RTAs)? Based on time-series evidence for a data set for 1950-92, this paper estimates and compares the growth performance of countries that liberalized broadly and those that joined an RTA. The comparisons show that economies grew faster after broad liberalization, both in the short and long run, but slower after participation in an RTA. Economies also had higher investment shares after broad liberalization, but lower ones after joining an RTA. The policy implications support broad liberalization.
Econometrics --- Exports and Imports --- Demography --- Economic Growth of Open Economies --- Trade Policy --- International Trade Organizations --- Demographic Trends, Macroeconomic Effects, and Forecasts --- Discrete Regression and Qualitative Choice Models --- Discrete Regressors --- Proportions --- International economics --- Population & migration geography --- Econometrics & economic statistics --- Trade policy --- Trade liberalization --- Population growth --- Trade barriers --- Logit models --- International trade --- Population and demographics --- Econometric analysis --- Commercial policy --- Population --- Econometric models --- Germany
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Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to satisfy the McMillan criterion of not lowering trade volume with outside countries, they have to engage in a dramatic reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of simultaneous continental trade blocs, an open regionalism in which trade blocs undertake relatively modest external liberalization can usually produce Pareto improvement.
Exports and Imports --- Infrastructure --- Taxation --- Economic Integration --- Trade Policy --- International Trade Organizations --- Trade: General --- Industry Studies: Transportation and Utilities: General --- International economics --- Public finance & taxation --- Macroeconomics --- Trade agreements --- Tariffs --- Imports --- Trade liberalization --- Transportation --- International trade --- Taxes --- National accounts --- Commercial treaties --- Tariff --- Commercial policy --- Saving and investment --- New Zealand
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This study asseses trade liberalization in programs supported by the IMF by reviewing multiyear arrangements in the 1990s and six detailed case studies. It also discusses the main economic factors affecting trade policy targets.
International Monetary Fund. --- Internationaal monetair fonds --- International monetary fund --- Commercial policy --- Exports and Imports --- International economics --- International Trade Organizations --- International trade --- Public finance & taxation --- Public Finance --- Revenue --- Tariff --- Tariffs --- Taxation --- Taxation, Subsidies, and Revenue: General --- Taxes on trade --- Taxes --- Trade barriers --- Trade liberalization --- Trade Policy --- Trade policy --- Trade: General --- Sri Lanka
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We examine industrial output in Bulgaria, Hungary, Poland, and Romania during 1989–95 in terms of pretransitional product trade orientation. The growth of EU-oriented output within sectors of industry, ex-post trade, and market liberalization, is modeled as foreign direct investment induced Schumpeterian (vertical) waves of product innovation. The growth of non-EU-oriented output within sectors is modeled as unobservable deterministic heterogeneity. The results indicate that the gap observed in industrial output performance when comparing Eastern European to former Soviet countries is mainly explained by the inherited presence of EU-oriented production and its unconstrained growth over the transition period.
Exports and Imports --- Macroeconomics --- Industries: General --- Economic Growth of Open Economies --- Technological Change: Choices and Consequences --- Diffusion Processes --- Socialist Systems and Transitional Economies: Factor and Product Markets --- Industry Studies --- Population --- Trade: General --- International Investment --- Long-term Capital Movements --- Industrial Organization: General --- Trade Policy --- International Trade Organizations --- Macroeconomics: Production --- International economics --- Finance --- Exports --- Foreign direct investment --- Industrial sector --- Trade liberalization --- Production growth --- International trade --- Balance of payments --- Economic sectors --- Production --- Investments, Foreign --- Industries --- Commercial policy --- Economic theory --- Bulgaria
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This paper uses a vertical differentiation duopoly framework to analyze firms’ relocation decisions, when the removal of trade barriers or restrictions on capital outflows or inflows (“globalization”) allows them to serve the domestic market through foreign plants in low-wage countries. The relocation of the entire industry yields net welfare costs, but the relocation of one (and only one) firm, may be welfare improving. When the economy is “high-(or low-) quality biased,” the relocation of the firm producing the high- (or low-) quality variant is preferred, on welfare terms, to that of other firms, if the wage differential is large enough.
Exports and Imports --- Labor --- Globalization --- International Economic Order and Integration --- Models of Trade with Imperfect Competition and Scale Economies --- Multinational Firms --- International Business --- Mobility, Unemployment, and Vacancies: General --- Oligopoly and Other Imperfect Markets --- Wages, Compensation, and Labor Costs: General --- Trade Policy --- International Trade Organizations --- Globalization: General --- Unemployment: Models, Duration, Incidence, and Job Search --- Labour --- income economics --- International economics --- Wages --- Labor costs --- Trade liberalization --- Unemployment --- International trade --- Commercial policy --- United Kingdom --- Income economics
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The growth of agriculture output over the past 200 years has been phenomenal. When Malthus wrote in 1798, he perceived limits on agricultural production as serious and imminent. Since then world population has increased by six-fold and global agricultural production has more than kept pace. Falling real grain prices for most of the 20th Century are cited as evidence. The sources of the increase in food production, however, have been quite different and have come in distinct waves. For most of the 19th century, increased output came from expanded land area in production. Science-based agriculture is really a post-Mendel phenomenon. In the 20th century, new technology came in different forms. First, mechanical technology, particularly the tractor, made possible cultivating more acres and freed enormous areas used for producing fuel for draft animals, for food production. Improvements in breeding and agronomy in the middle part of the century opened the possibility of substantially increasing yields per unit of land through the use of chemical fertilizers and pesticides. As we look to the 21st century, this conference is asking a critical question about the role of knowledge, science and technology in meeting future global food needs.
Agricultural Extension Services --- Agricultural Knowledge & Information Systems --- Agricultural Research --- Agriculture --- Biotechnology --- Cancer --- Decentralization --- Deforestation --- Developed Countries --- Environment --- Environmental Economics & Policies --- Farming --- Food & Beverage Industry --- Food Production --- Food Security --- Global Warming --- Grains --- Green Revolution --- Industry --- Integrated Pest Management --- Intellectual Property Rights --- International Food Policy Research Institute --- Irrigation --- Maize --- Marketing --- Meat --- Natural Resources --- Pesticides --- Population Growth --- Private Sector --- Research Agenda --- Rice --- Risk Management --- Rural Development --- Trade Liberalization --- Trees --- Urbanization --- Water Pollution --- Wheat
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Foreign trade policy --- Free trade --- Protectionism --- United States --- Japan --- Emigration and immigration --- Foreign economic relations --- Democracy --- 382.0 --- 382.30 --- 382.32 --- 382.33 --- AA / International- internationaal --- 339.5 --- 339.5 Buitenlandse handel. Internationale handel. Ruilvoet --- Buitenlandse handel. Internationale handel. Ruilvoet --- Free trade and protection --- Commercial policy --- Trade, Free --- Trade liberalization --- International trade --- Self-government --- Political science --- Equality --- Representative government and representation --- Republics --- Algemeenheden. Techniek en praktijk van de internationale handel. Internationale economische betrekkingen --- Handels- en wisselpolitiek in hun verband met de buitenlandse handel: algemeenheden --- Protectionisme --- Vrijhandel --- Emigration and immigration. --- Immigration --- United States - Emigration and immigration --- United States - Foreign economic relations - Japan --- Japan - Foreign economic relations - United States
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