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Trade Policy Issues and Developments

Author

Listed:
  • Ms. Naheed Kirmani
  • Mr. Shailendra J. Anjaria
  • Mr. Arne B. Petersen

Abstract

This paper discusses the salient features of recent developments and outlines the prospects for trade policy by highlighting the main issues that will determine the scope and timing of liberalization under a possible new General Agreement on Tariffs and Trade (GATT) round of multilateral trade negotiations. As the more advanced developing countries acquire the skills and investments to diversify exports toward more sophisticated manufactured products, restrictions against them tend to multiply. These not only impede the export prospects of the developing countries directly affected, but also slow specialization and diversification, thus severely affecting the smaller developing country exporters. Across-the-board protectionist measures have been avoided in the industrial countries because it is widely acknowledged that trade restrictions and protectionism are inappropriate responses to exchange rate developments. Exchange rate movements reflect financial flows as well as trade flows, and the importance of exchange rates that correspond to underlying economic fundamentals is unquestioned.

Suggested Citation

  • Ms. Naheed Kirmani & Mr. Shailendra J. Anjaria & Mr. Arne B. Petersen, 1985. "Trade Policy Issues and Developments," IMF Occasional Papers 1985/004, International Monetary Fund.
    • Handle: RePEc:imf:imfops:1985/004
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    Citations

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    Cited by:

    1. Glismann, Hans H. & Horn, Ernst-Jürgen & Schrader, Klaus, 1993. "Wohlfahrtseffekte von Rüstungs- und Raumfahrtausgaben: Das Beispiel der Vereinigten Staaten," Open Access Publications from Kiel Institute for the World Economy 783, Kiel Institute for the World Economy (IfW Kiel).
    2. Donges, Juergen B. & Schatz, Klaus-Werner, 1986. "Staatliche Interventionen in der Bundesrepublik Deutschland: Umfang, Struktur, Wirkungen," Kiel Discussion Papers 119/120, Kiel Institute for the World Economy (IfW Kiel).
    3. Weiss, Frank Dietmar & Heitger, Bernhard & Jüttemeier, Karl-Heinz & Kirkpatrick, Grant & Klepper, Gernot, 1988. "Trade policy in West Germany," Open Access Publications from Kiel Institute for the World Economy 374, Kiel Institute for the World Economy (IfW Kiel).
    4. Schwartz, Nancy E. & Krissoff, Barry, 1989. "Unbalancing Act: Strategies for Trade in Manufactures and Agricultural Trade Impacts," 1989 Occasional Paper Series No. 5 197667, International Association of Agricultural Economists.
    5. Schwartz, Nancy E. & Krissoff, Barry, 1987. "How Strategies to Reduce U.S. Bilateral Trade Deficits in Manufactures Affect U.S. Agricultural Exports," Staff Reports 324727, United States Department of Agriculture, Economic Research Service.
    6. Donges, Juergen B., 1986. "Whither international trade policies? Worries about continuing protectionism," Kiel Discussion Papers 125, Kiel Institute for the World Economy (IfW Kiel).
    7. Krissoff, Barry & Bellenger, Nicole, 1989. "Agricultural Trade Liberalization in a Multisector World Model: Implications for Argentina, Brazil, and Mexico," 1989 Occasional Paper Series No. 5 197668, International Association of Agricultural Economists.

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