Assessing the Results of General Equilibrium Studies of Multilateral Trade Negotiations

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This paper gives an assessment of the Uruguay Round (UR) four years after its implementation. The goal of this publication is to draw lessons on how to approach the assessment of the next round so that useful insights are extracted and misperceptions avoided. The paper offers an overview of the computable general equilibrium (CGE) models used at the close of the UR. This is followed by a summary of results of those models and a discussion of actual experience from UR implementation.


UN Trade and Development (UNCTAD)
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Policy Issues in International Trade and Commodities Study Series

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