At a time when political leaders of the member nations are not acting to strengthen the multilateral trading system via the World Trade Organization, it is worthwhile to reflect on the WTO's contributions to global welfare since its inception more than 65 years ago. Measuring WTO's Contributions to Global Economic Welfare assembles seminal empirical studies which estimate the past and prospective, national and global economic welfare impacts of GATT/WTO-induced multilateral trade liberalizations. It also touches on the effects of the Uruguay Round's TRIPS Agreement on intellectual property rights, and the benefits from WTO accessions and trade facilitation initiatives.
In his authoritative introduction, Professor Anderson points to the numerous additional contributions of the WTO (and its predecessor, the GATT) which, though difficult to quantify, are nonetheless of great value and highlights those areas where further empirical research could shed more light on the net benefits of this important institution.
Introduction Kym Anderson
PART I MEASURING PRICE DISTORTIONS DUE TO TRADE-RELATED POLICIES
1. Bela Balassa (1971), 'Effective Protection: A Summary Appraisal'
2. Kym Anderson (2010), 'Kruger, Schiff and Valdes Revisited: Agricultural Price and Trade Policy Reform in Developing Countries since 1960'
3. Hiau Looi Kee, Alessandro Nicita and Marcelo Olarreaga (2009), 'Estimating Trade Restrictiveness Indices'
4. Tony Warren and Christopher Findlay (2000), 'Measuring Impediments to Trade in Services'
PART II WELFARE EFFECTS OF REDUCING PRICE AND TRADE DISTORTIONS PRE-DOHA
5. John B. Shoven and John Whalley (1992), 'Global Trade Models'
6. K. Anderson and R. Tyers (1993), 'More on Welfare Gains to Developing Countries from Liberalizing World Food Trade'
7. Joseph F. Francois, Bradley McDonald and Hakan Nordstrom (1996), 'The Uruguay Round: A Numerically Based Qualitative Assessment'
PART III EFFECTS OF THE TRADE-RELATED INTELLECTUAL PROPERTY RIGHTS (TRIPS) AGREEMENT
8. Phillip McCalman (2001), 'Reaping What You Sow: An Empirical Analysis of International Patent Harmonization
9. Shubham Chaudhuri, Pinelopi K. Goldberg and Panle Jia (2006), 'Estimating the Effects of Global Patent Protection in Pharmaceuticals: A Case Study of Quinolones in India',
PART IV POTENTIAL WELFARE EFFECTS OF A DOHA ROUND AGREEMENT A Measurement Issues
10. Dominque van der Mensbrugghe (2006), 'Estimating the Benefits of Trade Reform: Why Numbers Change'
11. Joseph F. Francois and Will Martin (2010), 'Ex Ante Assessment of the Welfare Impacts of Trade Reforms with Numerical Models'
12. Edward J. Balistreri, Russell H. Hillberry and Thomas F. Rutherford (2011), 'Structural Estimation and Solution of International Trade Models with Heterogeneous Firms' B Global Economy-wide Model Estimates
13. Joseph Francois, Hans van Meijl and Frank van Tongeren (2005), 'Trade Liberalization in the Doha Development Round'
14. Kym Anderson, Will Martin and Dominique van der Mensbrugghe (2006), 'Doha Merchandise Trade Reform: What Is at Stake for Developing Countries?'
15. David Laborde, Will Martin and Dominique van der Mensbrugghe (2011), 'Potential Real Income Effects of Doha Reforms'
16. Kym Anderson and Signe Nelgen (2011), 'What's the Appropriate Agricultural Protection Counterfactual for Trade Analysis?'
17. L. Alan Winters, Terrie L. Walmsley, Zhen Kun Wang and Roman Grynberg (2003), 'Liberalising Temporary Movement of Natural Persons: An Agenda for the Development Round'
18. Dominique van der Mensbrugghe (2009), 'The Doha Development Agenda and Preference Erosion: Modeling the Impacts'
PART V HISTORICAL ECONOMETRIC ANALYSES OF IMPACTS OF WTO ON TRADE
19. Andrew K. Rose (2004), 'Do We Really Know That the WTO Increases Trade?'
20. Arvind Subramanian and Shang-Jin Wei (2007), 'The WTO Promotes Trade, Strongly but Unevenly'
21. Michael Tomz, Judith L. Goldstein and Douglas Rivers (2007), 'Do We Really Know That the WTO Increases Trade? Comment'
22. Andrew K. Rose (2007), 'Do We Really Know That the WTO Increases Trade? Reply'
23. Jason H. Grant and Kathryn A. Boys (2012), 'Agricultural Trade and the GATT/WTO: Does Membership Make a Difference?'
24. Pao-Li Chang and Myoung-Jae Lee (2011), 'The WTO Trade Effect'
PART VI BENEFITS FROM WTO ACCESSION
25. Zdenek Drabek and Marc Bacchetta (2004), 'Tracing the Effects of WTO Accession on Policy-making in Sovereign States: Preliminary Lessons from the Recent Experience of Transition Countries'
26. Elena Ianchovichina and Will Martin (2004), 'Impacts of China's Accession to the World Trade Organization'
27. Thomas F. Rutherford and David G. Tarr (2008), 'Poverty Effects of Russia's WTO Accession: Modeling "Real" Households with Endogenous Productivity Effects'
28. Man-Keung Tang and Shang-Jin Wei (2009), 'The Value of Making Commitments Externally: Evidence from WTO Accessions'
29. Kyle Bagwell and Robert W. Staiger (2011), 'What Do Trade Negotiators Negotiate About? Empirical Evidence from the World Trade Organization'
PART VII BENEFITS FROM WTO-SPONSORED TRADE FACILITATION
30. Bernard Hoekman and Alessandro Nicita (2011), 'Trade Policy, Trade Costs, and Developing Country Trade'
31. J. Michael Finger (2008), 'Trade Facilitation: The Role of a WTO Agreement'