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Options for Dismantling Trade Restrictions in Developing Countries

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  • Takacs, Wendy E

Abstract

Although many countries have adopted freer trade regimes or are in the process of reforming quantitative restrictions, such reforms are not without short-term costs. Sudden removal of quantitative restrictions can release a surge of demand for imports that can deplete foreign exchange reserves and force rapid adjustment by domestic industries. Five methods to move gradually liberalize quantitative restrictions are discussed: raising quota ceilings until they are nonbinding; eliminating quotas product by product; converting quotas to equivalent tariffs and then reducing them; auctioning quota licenses; and converting quotas to tariff quotas, and then liberalizing these. The various instruments are evaluated according to their implications for the adjustment period, for government revenue, for the balance of payments, and for the extent to which they are likely to produce political disruptions. Copyright 1990 by Oxford University Press.

Suggested Citation

  • Takacs, Wendy E, 1990. "Options for Dismantling Trade Restrictions in Developing Countries," The World Bank Research Observer, World Bank, vol. 5(1), pages 25-46, January.
    • Handle: RePEc:oup:wbrobs:v:5:y:1990:i:1:p:25-46
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    Cited by:

    1. Independent Evaluation Group, 2006. "Assessing World Bank Support for Trade, 1987-2004 : An IEG Evaluation," World Bank Publications - Books, The World Bank Group, number 6966.
    2. Dani Rodrik, 1993. "Trade and Industrial Policy Reform in Developing Countries: A Review of Recent Theory and Evidence," NBER Working Papers 4417, National Bureau of Economic Research, Inc.
    3. Skully, David W., 1999. "The Economics Of Trq Administration," Working Papers 14584, International Agricultural Trade Research Consortium.
    4. Robert Tatum, 2005. "Sustaining imperfectly credible trade liberalization: Do the rate of tariff reduction and the degree of labour mobility matter?," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 14(4), pages 407-435.

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