Discussion on Poverty and The WTO: Impacts of the Doha Development Agenda
01 Feb '06
10 min read
3. The message Winters would give to the UK House of Lords, debating the G8 development outcomes this week. Winters replied that reducing tariffs is a cheap way to get the poor some benefits ($38bn in the DDA). However, trade reform must be accompanied by other policies. Moreover, the G8 must accept adjustment costs.
4. Whether more benefits come from developing countries own liberalisation or from other countries' liberalisation. Winters replied that it varies from country to country and he did not have precise figures, but could be roughly estimated at a 40% own to 60% others' split. This book employs modelling techniques that emphasise the benefits from other countries' liberalisation. [Subsequent to the meeting Winters clarified that later work by Hertel and Ivanic based on their book chapter showed that the share of overall poverty reduction stemming from the own liberalisation component of a full liberalisation was estimated at 100% for Bangladesh, 40% for Indonesia and 60% for Vietnam.]
5. Whether the study compared the gains for the poor with the non-poor. Winters replied that it did not and that trade negotiations do not have a great effect on income distribution.
6. The definition of near term. Winters replied that the models used are static models, but that one might think of approximately 3 to 4 years.
Book details
Paperback 384 pages (January 13, 2006)
Publisher: World Bank,The,U.S.
Language: English
ISBN: 082136314X
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