Overview of the Special Issue prepared under the direction of Guest Editor Robert Stern.Robert M. Stern, the Guest Editor of this special issue of the Global Economy Journal, is Professor of Economics and Public Policy (Emeritus) in the Department of Economics and Gerald R. Ford School of Public...

This article focuses especially on the positions that the developing countries should take in their own interests on the issues of manufactures liberalization and administered protection. A series of recommendations are set forth with supporting argument: (1-2) for market access, both developed...

The Michigan Computable General Equilibrium (CGE) Model of World Production and Trade is used to calculate the aggregate welfare and sectoral employment effects of the menu of U.S. trade policies. The menu of policies encompasses the various preferential U.S. bilateral and regional free trade...

The question addressed in this article is how the fairness of the global trading system as embodied in the GATT/WTO is to be assessed. Opinions about what constitutes fairness differ widely, and there is surely no incontrovertible yardstick. But it should be possible to be clearer about the...

This paper considers the key policy issues related to liberalization of trade in financial services that the IMF should be concerned with, and the role the IMF has played in advising on policies related to trade in financial services in its bilateral and multilateral surveillance and...

Gary R. Saxonhouse died November 30, 2006 in Seattle, WA, where he was being treated for leukemia. To honor his many accomplishments and writings on the Japanese economy and given our longstanding relationships with him, Hugh Patrick of Columbia University, Gavin Wright of Stanford University,...

We have used the Michigan Model of World Production and Trade to simulate the economic effects on the United States, Japan, and other major trading countries/regions of the Doha Round of WTO multilateral trade negotiations and a variety of regional/bilateral free trade agreements (FTAs)...

There is a growing theoretical and empirical literature concerning the causes and consequences of child labor. The objective of this paper is to evaluate the policy initiatives targeted on child labor in light of the newly emerging theoretical argumentation and empirical evidence. We focus in...

We have used the Michigan Model of World Production and Trade to simulate the economic effects on the United States, Japan, and other major trading countries/regions of a prospective new round of WTO multilateral trade negotiations and a variety of regional/bilateral free trade agreements (FTAs)...