Trade Preferences and Differential Treatment of Developing Countries: A Selective Survey
By Bernard M. Hoekman, Caglar Ozden. 2005
128 citations recorded by the source corpus.
Nonreciprocal trade preferences and provisions in the GATT/WTO that allow developing countries greater leeway to retain or use protectionist policies are two of the central planks of so-called special and differential treatment (SDT) for developing countries in the multilateral trading system. The authors survey the literature on the rationales, institutional features, and economic effectiveness of SDT. A large literature has emerged on SDT in the past 50 years, by both proponents and opponents. They summarize a number of key contributions on the subject, with a special emphasis on the evaluation of the impact of SDT, especially preferential market access. The issue of SDT has become very topical again, following a period during which it was viewed as an outdated concept for the multilateral trading system. The authors therefore devote attention as well to a number of recent contributions that discuss (1) whether there is a continued need for SDT, and (2) how this might be designed from both a development (recipient) objective and from the perspective of the trading system more generally. A major theme of the survey is that most of the issues that are debated today were already being discussed in the 1960s. The authors conclude that those who questioned the value of unilateral preferences have proven to be prescient.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/f776a645fa216e9c0460ccd7bb1ad10d6844d9e6
How researchers see this paper
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In Economics and Econometrics
- Joseph Francois
- Bernard M. Hoekman
- M. Manchin
- John S. Wilson
- Alberto Portugal-Perez
- Ben Shepherd
- M. Vijil
- L. Wagner
In Finance
Citations in the corpus
- Preference Erosion and Multilateral Trade Liberalization (2005, background): “2 See Hoekman and Özden (2005) for a review of the extensive literature in this area on which what follows draws upon.”
- Operationalizing the Concept of Policy Space in the WTO: Beyond Special and Differential Treatment (2005, background): “Trade preferences have proven to be a doubleedged sword, offering only limited benefits and substantial downsides (see Hoekman and Ozden, 2004 for a review of the literature).”