Wei, Shang-Jin; Subramanian, Arvind - International Monetary Fund (IMF) - 2003
This paper furnishes robust evidence that the GATT/WTO has had a powerful and positive impact on trade. The impact has …, however, been uneven. GATT/WTO membership for industrial countries has been associated with a large increase in imports … estimated at about 40 percent of world trade. The same has not been true for developing country members, although those that …