This paper discusses the salient features of recent developments and outlines the prospects for trade policy by highlighting the main issues that will determine the scope and timing of liberalization under a possible new General Agreement on Tariffs and Trade (GATT) round of multilateral trade negotiations. As the more advanced developing countries acquire the skills and investments to diversify exports toward more sophisticated manufactured products, restrictions against them tend to multiply. These not only impede the export prospects of the developing countries directly affected, but also slow specialization and diversification, thus severely affecting the smaller developing country exporters. Across-the-board protectionist measures have been avoided in the industrial countries because it is widely acknowledged that trade restrictions and protectionism are inappropriate responses to exchange rate developments. Exchange rate movements reflect financial flows as well as trade flows, and the importance of exchange rates that correspond to underlying economic fundamentals is unquestioned.

This study examines issues of trade and policy in developing Asian economies such as Sri Lanka, Malaysia, India, Indonesia, Pakistan, South Korea, Taiwan and Thailand.

This report provides analysis of U.S. trade policy including factors that make up the current economic and political climate, grade issues, the depate over U.S. trade policy. It concludes with an examination of some of the options available to Congress and the pros and cons of each.

International trade is the life-blood of the countries in the Association of Southeast Asian Nations (ASEAN). Faced with several global trade issues the ASEAN countries individually and collectively pursue a multilateral approach by actively participating in the current Uruguay Round of GATT. The seven studies in this volume assess the strengths and weaknesses of international trading.

Combining theoretical analysis with insights derived from interactions with trade negotiators, this book analyzes the issues surrounding the creation of newtrade rules', addressing trade topics including the trade and development linkage.

Begins a series that will present substantial research contributions dealing with current political and economic developments in Asia, the papers selected for quality, relevance, and timeliness. The nine contributions of the inaugural volume emphasize economics and trade. The topics include trade policies and dynamics in greater China, research and development activities and trade specialization in Japan, and confronting contradictions in the Indian economy. Reproduced from typescripts. Annotation copyrighted by Book News, Inc., Portland, OR

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