This volume provides a comprehensive assessment of the likely effects of the Uruguay Round agreements on the dynamic economies of East Asia. The rapid development of these countries owes much to the strong export performance and unilateral deregulation of their economies in recent years. Their major stake in maintaining the integrity of the global trading system was demonstrated by their active participation in the negotiations. The impact of the Uruguay Round liberalisation on East Asian economic development and policies is evaluated using sophisticated CGE models to estimate the effects on trade and income. The strengthening of trade rules and dispute settlement procedures are examined by a group of world trade experts. They establish that some gaps in the system remain to be tackled (anti-dumping, regional discrimination) and that some new problems are pending (competition policy, investment).
• The first assessment of what the Uruguay Round agreement means for East Asian economies • Covers a major and timely topic in trade and development studies • Includes a strong line-up of world authorities
Foreword; 1. East Asian trade and the new world trade order David Robertson; Part I. World Trade after the Uruguay Round: 2. Outlook for the world trading system beyond the Uruguay Round Kym Amderson; 3. The new world trade order and OECDGeoff Raby; 4. The Multifibre Arrangement in practice: challenging the competitive framework Kala Krishna and Ling Hui Tang; 5. Financial deregulation and trade expansion Suiwah Leung; Part II. Modelling the Uruguay Round Outcome: 6. The Uruguay Round: a global general equilibrium assessment Joseph Francois, Bradley McDonald and Hakan NORDSTRÖm; 7. A general equilibrium assessment of the Uruguay Round with trade-related externalities Yongzheng Yang; 8. A review of Uruguay Round modelling Will Martin; Part III. Trade Issues for East Asia: 9. What the Uruguay Round means for East Asia Gary P. Sampson; 10. What the Uruguay Round means: the case of Australia Graeme Thomson; 11. Competition policies as irritants to East Asian trade J. David Richardson; 12. Japan's trade and investment in East Asia Masahiro Kawai; 13. China: export growth and enterprise reform Frances Perkins; 14. Globalisation, East Asian trade and the Uruguay Round David Robertson; 15. An APEC postscript David Robertson; Bibliography.