NEWS: 2003 NEWS ITEMS
13 May 2003
WTO Secretariat issues study on adjusting to trade liberalization
While economists emphasize the long-run gains from trade
liberalization, policy makers are worried about the short-run costs.
The WTO Secretariat, on 23 May 2003, issued Special Study No. 7
“Adjusting to Trade Liberalization — The Role of Policy, Institutions
and WTO Disciplines”, which seeks to identify tools at the disposal of
governments to smooth adjustment, to minimize an economy's adjustment
costs and to alleviate the burden of those who suffer most.