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The choice between unilateral and multilateral trade liberalization strategies

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  • Nogues, Julio

Abstract

This paper develops a framework for analyzing the economic costs and benefits of unilateral and multilateral trade liberalization strategies. The interest in this topic is sparked by the apparent dilemma faced by some developing countries in the ongoing Uruguay Round of multilateral trade negotiations (MTNs). An active participation in the MTNs implies that what developing countries have to bargain away is worth something there. If so, it might pay to delay the introduction of unilateral measures in the hope of securing increased access to foreign markets. Deciding on the merits of unilateral and multilateral trade liberalization strategies should involve economic and political factors. This report addresses the economics of this decision and applies the framework to the case of Argentina.

Suggested Citation

  • Nogues, Julio, 1989. "The choice between unilateral and multilateral trade liberalization strategies," Policy Research Working Paper Series 239, The World Bank.
    • Handle: RePEc:wbk:wbrwps:239
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    References listed on IDEAS

    as
    1. Laird, Sam & Nogues, Julio, 1988. "Trade policies and the debt crisis," Policy Research Working Paper Series 99, The World Bank.
    2. Julio Nogués, 1985. "Distortions, factor proportions and efficiency losses: Argentina in the latin american scenario," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 121(2), pages 280-303, June.
    3. Nogues, Julio, 1986. "The nature of Argentina's policy reforms during 1976-1981," MPRA Paper 57820, University Library of Munich, Germany.
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