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Foreign import restrictions, WTO commitments, and welfare effects: The case of Republic of Korea
This paper examines foreign import restrictions on Republic of Korea's exportsand its two policy responses: a domestic response in trade policy, investment policy, andforeign exchange regime; and an external policy response in the form of WTO commitments.The paper also analyzes the welfare effects of trade liberalization under WTO Agreementsbased on two alternative tariff reduction scenarios using a computable general equilibriummodel. The simulation results indicate that WTO is expected to create annual gains ofUS$38 to 50 billion globally, with Korea expected to gain relatively the most from the globalimplementation of the commitments by WTO member countries, earning $3.3 to 3. 7 billion.Therefore, Korea's policy response to increasing protectionism abroad in the form of a fullcommitment to WTO Agreements is fully warranted.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| ADR1402 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Philippines: Asian Development Bank 1996 |
|---|---|
| Edisi | Vol. 14, No. 2., 1996 |
| Subjek | Liberalization WTo Republic of Korea Foreign import Welfare effects |
| ISBN/ISSN | 0116-1105 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 23 p. |
| Info Detail Spesifik | Asian Development Review |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |