GATT/WTO Accession and Productivity

David D. Li and Changqi Changqi Wu

in Growth and Productivity in East Asia

Published by University of Chicago Press

Published in print August 2004 | ISBN: 9780226386805
Published online February 2013 | e-ISBN: 9780226387079 | DOI:
GATT/WTO Accession and Productivity

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The World Trade Organization (WTO), whose former incarnation is the General Agreement on Trade and Tariff (GATT), has played a significant role in promoting international trade and pushing for greater integration of the world economy. Many developing and emerging-market countries believe that the accession to the WTO would enhance their productivity and economic prosperity. The event of accession to GATT/WTO is actually an important testing case of the much more general and bigger issue of globalization. There have been econometric studies of the positive impact of trade liberalization on economic growth and development. This chapter investigates the impact of the GATT/WTO accession across countries. It examines the impact of accession on individual economic variables of the economy such as GDP, capital stock, imports and exports, foreign direct investment, and productivity changes in the economy.

Keywords: World Trade Organization; General Agreement on Trade and Tariff; accession; productivity; globalization; economic growth; GDP; imports; exports; foreign direct investment

Chapter.  12704 words.  Illustrated.

Subjects: Business and Management

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