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Effects of WTO accession on policy-making in sovereign states: Preliminary lessons from the recent experience of transition countries

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  • Bacchetta, Marc
  • Drabek, Zdenek

Abstract

The purpose of the paper is to discuss the effects of WTO accession on policy-making and institutional reforms in transition countries. This is done by looking at the experience of those transition countries which are already Members of the WTO. We start by examining the effect of accession on trade policy and distinguish between the effects of accession negotiations and those of autonomous policy initiatives. Other areas of domestic policy-making considered in the analysis include market access, governance, government budget, structural reforms, trade and investment arrangements with regional partners and macroeconomic management. We find that no precise blueprint of accession conditions can be ascertained, that WTO played a role, albeit not an exclusive one in the process of liberalization, that the costs of WTO Membership are not negligible, that the benefits of WTO Membership are also significant in terms of a better market access, improved governance and a recourse to better economic policies.

Suggested Citation

  • Bacchetta, Marc & Drabek, Zdenek, 2002. "Effects of WTO accession on policy-making in sovereign states: Preliminary lessons from the recent experience of transition countries," WTO Staff Working Papers DERD-2002-02, World Trade Organization (WTO), Economic Research and Statistics Division.
    • Handle: RePEc:zbw:wtowps:derd200202
    DOI: 10.30875/cfaab512-en
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    Cited by:

    1. Pomfret, Richard, 2005. "Trade policies in Central Asia after EU enlargement and before Russian WTO accession: Regionalism and integration into the world economy," Economic Systems, Elsevier, vol. 29(1), pages 32-58, March.
    2. Owolabi, Oluwarotimi & Pal, Sarmistha, 2011. "The Value of Business Networks in Emerging Economies: An Analysis of Firms' External Financing Opportunities," IZA Discussion Papers 5738, Institute of Labor Economics (IZA).
    3. Kym Anderson & Johan Swinnen, 2008. "Distortions to Agricultural Incentives in Europe's Transition Economies," World Bank Publications - Books, The World Bank Group, number 6502.
    4. Oluwarotimi Owolabi & Sarmistha Pal, 2013. "Does business networking boost firms’ external financing opportunities? Evidence from Central and Eastern Europe," Applied Financial Economics, Taylor & Francis Journals, vol. 23(5), pages 415-432, March.
    5. Rozelle, Scott & Swinnen, Johan F.M., 2009. "Political Economy of Agricultural Distortions in Transition Countries of Asia and Europe," Agricultural Distortions Working Paper Series 50298, World Bank.
    6. Abdur Chowdhury, 2003. "Wto Accession: What???S In It For Russia?," William Davidson Institute Working Papers Series 2003-595, William Davidson Institute at the University of Michigan.
    7. Ciaian, Pavel & Swinnen, Johan F.M., 2007. "Distortions to Agricultural Incentives in Central and Eastern Europe," Agricultural Distortions Working Paper Series 48385, World Bank.
    8. Oluwarotimi Owolabi & Sarmistha Pal, 2009. "The Value of Business Networks; an Analysis of Firm Financing in Transition Economies," CEDI Discussion Paper Series 09-01, Centre for Economic Development and Institutions(CEDI), Brunel University.

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    More about this item

    Keywords

    WTO Accessions; Trade Policy; Transition Countries;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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