Recent trade liberalization in developing countries: the effects on global trade and output

Abstract

Many developing countries are currently easing import tariffs and other barriers to trade. This article estimates the impact of these reforms on international trade flows and global output under alternative assumptions about the ability of developing countries to finance increased import purchases. Particular attention is given to the effect of these reforms on the U.S. economy. The author also considers how the trade policies of the United States and other industrialized countries may influence the trade and output effects of the reforms.International trade ; Developing countries ; Tariff