GTAP Resources: Resource Display
| GTAP Resource #561 |
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"The Uruguay Round and Africa: A Global, General Equilibrium Analysis" by Hertel, Thomas, William Masters and Aziz Elbehri Abstract Using a 10-region, 12-sector model of the global economy, projected forward to 2005 with and without implementation of the Uruguay Round (UR) trade agreements, we confirm earlier expectations that Africa is likely to be the only major region of the world to lose from UR implementation--but find that UD-induced costs would be far outweighed by the potential gains from catching up with other low-icome countries in agricultural productivity and in transport costs. Furthermore, we find that implementing the UR accelerates a resource-driven shift in Africa's comparative advantage towards agriculture (as opposed to mining or manufacturing) and towards trade with Asia (as opposed to Europe). Recognizing and supporting this "Asia/agriculture" development strategy will be a key to raising African incomes over the coming decade. |
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Public Access No documents have been attached. Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
