We use the Michigan Model of World Production and Trade to assess the economic effects of the Free Trade Area of the Americas (FTAA) that is currently being negotiated among the 34 countries in the region. The model covers 18 economic sectors in each of 22 countries/regions and is based on...

This paper uses trade theory to examine the effects of trade liberalization on countries that do not participate in it. These include both countries that fail to participate in multilateral trade negotiations, and also countries that lie outside of preferential trading arrangements such as free...

Intro -- Contents -- Foreword -- 1. Introduction -- 2. India's Economic Transition -- 3. The India CGE Model of Production, Trade, and Employment -- 4. Implementation of the Model -- 5. Policy Simulations and Results -- 6. Conclusions and Implications for Policy and Further Research -- Notes --...

The process of major economic reforms undertaken in the Indian economy has now completed six years of implementation. The unilateral reform measures in the industrial and trade policies of India along with reforms in the tax regime represent a significant departure from the policy framework of...