The Shrinking Gains from Trade: A Critical Assessment of Doha Round Projections

@inproceedings{Ackerman2005TheSG,
  title={The Shrinking Gains from Trade: A Critical Assessment of Doha Round Projections},
  author={Frank Ackerman},
  year={2005}
}

• Frank Ackerman
• Published 2005

Computable general equilibrium (CGE) models of world trade, often presented as demonstrating the benefits of trade liberalization, now make much more modest forecasts than they did just a few years ago. The estimated benefits are not only small in the aggregate, but also skewed toward developed countries; the expected contribution of trade liberalization to economic development and poverty alleviation is extremely limited. Related calculations, for the expected benefits of services… CONTINUE READING

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