Economics, Econometrics and Finance
4 years ago

WTO boosts trade for new members, but unevenly favors developed countries.

World Economy
The impacts of the World Trade Organization on new members
Magnus dos Reis, Sabino da Silva Pôrto, André Filipe Zago de Azevedo

Paper Summary

Related papers

Business, Management and Accounting
8 years ago

Trade Liberalization Transforms Canadian Furniture Industry, Reshaping Domestic Landscape

Global Value Chains
Economic Organization
Trade Impact
3 views
Economics, Econometrics and Finance
8 years ago

Free Trade Agreements Reshape Global Economy, Impacting Jobs and Prices

Trade Impact
International Law
3 views
Economics, Econometrics and Finance
10 months ago

Trade Wars Threaten Global Prosperity, Challenging Free Trade Ideals

Trade Impact
Economic Zones
2 views

The World Trade Organization (WTO) has had a mixed impact on new member countries' trade. A study looked at trade flows from 1995 to 2014 and found that the WTO has increased trade, but the benefits are unevenly distributed. Developed countries have gained the most, but there have also been some gains for the least developed countries (LDCs), especially in primary products. The WTO has promoted trade, but the effects vary between different types of countries and sectors.