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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
- 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