How tightly are trade negotiators held to winning a dollar of concession for each dollar of concession granted? The outcome of the Uruguay Round tariff negotiations suggests that such constraints were not tight. None of the delegations interviewed by the authors had tried to calculate for...

The authors investigate the impact of India's program of economic stabilization and trade liberalization launched in 1991, a year when the country was in the throes of a foreign exchange crisis. The authors address a key policy tradeoff between trade liberalization and fiscal adjustment arising...

The authors review world experience with creating transitional jobs through public work relief, public service employment, and subsidized private employment. They argue that work relief is a critical component of any structural adjustment program, so long as the work relief projects are...