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The World Trade Organization Special Safeguard Mechanism: A Case Study of Wheat

The World Trade Organization Special Safeguard Mechanism: A Case Study of Wheat

Authors :
Jason H. Grant
Karl D. Meilke
Source :
Review of Agricultural Economics. 28(1):24-47
Publication Year :
2006

Abstract

A special safeguard mechanism is an attractive policy tool for low-income importing countries because it is automatic and does not require an injury test. Exporters might accept a safeguard for low-income countries if it results in larger tariff cuts than in its absence. The effects of a special safeguard mechanism on market stability and welfare are evaluated using wheat as a case study. The results show that a safeguard mechanism is not very trade distorting. Almost 80% of the increase in world welfare is still realized when low-income countries are granted a safeguard mechanism. Copyright 2006, Oxford University Press.

Details

Volume :
28
Issue :
1
Database :
OpenAIRE
Journal :
Review of Agricultural Economics
Accession number :
edsair.doi.dedup.....cd611d402399c9d80da3b8fcc8b1bbb2
Full Text :
https://doi.org/10.1111/j.1467-9353.2006.00271.x