At the turn of this millennium, most the APEC countries have embarked upon an ambitious plan for open multilateralism. Using an 18-region, 16-sector dynamic computable general equilibrium (CGE) model of the global economy, we evaluate the effects of APEC trade liberalization on member-country...

China's accession to the WTO and accelerated global emergence will dramatically change trade patterns with the Pacific region and exert important influence on its trilateral relationship with Japan and the United States. Because of its size and stage of development, China will play two roles in...

Although East Asian countries were relatively inactive in signing free trade agreements (FTAs) until the end of 1990s, a number of FTAs involving East Asian countries have been signed since the turn of the century. The objective of this study is to compare welfare gains and sectoral adjustments...

Ten countries—most completing their transition from socialist-based economies to market economies—became the EU members in 2004, two additional countries are slated to join the Union in 2007, and a few others are expected to become members at some future dates. Despite a relatively small...

In March 2002, the United States imposed tariff-rate quotas (TRQs) of about 30 percent on most imported steel above set quotas. This measure is expected to reduce steel exports from East Asian countries, particularly from Japan and Korea. At the same time, the U.S. action is likely to harm its...

The next three-year World Trade Organization round has been set in motion by recent negotiations in Doha, Qatar. Among the most contentious issues in that meeting, and probably over the course of the next round, is direct and indirect producer support for agricultural exporters in the North and...

This document presents a prototype specification for a real computable general equilibrium (CGE) model. The prototype has some key features for assessing structural and poverty impacts:

Global labor markets have evolved dramatically in the last several decades and will continue to so for some time to come, driven by changing population demographics, economic globalization, dramatic changes in transportation technology, and accelerating institutional change. All these...

The Pacific Basin is the most robust economic region of the world. Over half the world's population resides in countries bordering on it, and this region's average economic growth rate has been double that of the rest of the world since 1970. The volume of trade on the Pacific is three times...

Traded commodities embody an environmental service, namely the amount of pollution emitted domestically when goods are produced for export. Japan’s extensive economic ties with its Asian Pacific trading partners necessitate special consideration of trade and environment linkages. The data...