WTO Promotes Trade "strongly, but unevenly"
Published By: National Bureau of Economic Research | Published Date: October, 01 , 2003This paper furnishes robust evidence that the WTO has had a strong positive impact on trade, amounting to about 120% of additional world trade (or US$ 8 trillion in 2000 alone). The impact has, however, been uneven. This, in many ways, is consistent with theoretical models of the GATT/WTO. The theory suggests that the impact of a country's membership in the GATT/WTO depends on what the country does with its membership, with whom it negotiates, and which products the negotiation covers.
Author(s): Arvind Subramanian, Shang-Jin Wei | Posted on: Oct 22, 2014 | Views(715)