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The World Economy, Global Trade Policy 2006


The World Economy: Global Trade Policy 2006 is the thirteenth in an annual series in which leading economists provide a concise and accessible evaluation of major developments in trade and trade policy. Each annual volume examines key issues pertinent to the multinational trading system, as well as regional trade arrangements and policy developments at the national level. Each volume also provides assessments of the World Trade Organization's recent Trade Policy Reviews.

The 2006 issue analyses trade structure, Non-agricultural Market Access (NAMA) and their effect on World Trade Organization negotiations. Contributors consider the economic implications around the world from developing countries through to European communities. This year’s institutional focus questions why the WTO is deadlocked and what can be done about it and includes evaluations of WTO Trade Policy Reviews of the European Union, Korea and Norway.

David Greenaway is Professor of Economics and Director of the Leverhulme Centre for Research on Globalization and Economic Policy at The University of Nottingham.
Trade Policy Reviews.

1. Storm Signals: An Analysis of the Trade Policy Review of the European Communities: P. K. M. Tharakan.

2. Identifying Trade Structure and Macroeconomic Caveats: The Post-crisis of Korea: Jong-Eun Lee.

3. The Most and the Least Favoured Nations: Norway’s Trade Policy in Perspective: Arne Melchior.

Special Feature.

4. Mini-symposium on the WTO Non-agricultural Market Access (NAMA) Negotiations: Introduction: Chris Milner.

5. Why NAMA Liberalisation is Good for Developing Countries: Philippe Legrain.

6. Economic Implications of WTO Negotiations on Non-agricultural Market Access: Sam Laird.

7. Preference Erosion, Government Revenues and Non-tariff Trade Barriers: Bob Fisher.

8. Enlarging the Vision for Trade Policy Space: Special and Differentiated Treatment and Infant Industry Issues: Patrick A. Messerlin.

9. Making NAMA Work: Supporting Adjustment and Development: Chris Milner.

Institutional Focus.

10. Why the WTO is Deadlocked: And What Can Be Done About It: Paul Collier.