This book presents an authoritative collection of the most important papers previously published by leading scholars in the field of trade policy and its reform. Included are sections on early contributions to the theory of reform, world welfare and trade reform, and reform with quotas and tariffs.

Trade liberalization has had a major impact on the world economy. As nations continue to engage in preferential trade and with the launching of the first World Trade Organization multilateral round, the need to understand the consequences of trade liberalization has never been greater.