This volume reviews the effects of the Uruguay Round agreements on the East Asian economies. It assesses the impact of the "greatest trade agreement in history" on the most dynamic and fastest growing region of the world from an East Asian/West Pacific perspective. It offers an objective examination of the new trading system provided by the World Trade Organisation (WTO), which extends to GATT to provide rules for trade in services, intellectual property, agriculture, and a dispute settlement process to resolve trade conflicts.
Foreword; 1. East Asian trade and the new world trade order David Robertson; Part I. World Trade after the Uruguay Round: 2. Outlook for the world trading system beyond the Uruguay Round Kym Amderson; 3. The new world trade order and OECDGeoff Raby; 4. The Multifibre Arrangement in practice: challenging the competitive framework Kala Krishna and Ling Hui Tang; 5. Financial deregulation and trade expansion Suiwah Leung; Part II. Modelling the Uruguay Round Outcome: 6. The Uruguay Round: a global general equilibrium assessment Joseph Francois, Bradley McDonald and Hakan NORDSTRÖm; 7. A general equilibrium assessment of the Uruguay Round with trade-related externalities Yongzheng Yang; 8. A review of Uruguay Round modelling Will Martin; Part III. Trade Issues for East Asia: 9. What the Uruguay Round means for East Asia Gary P. Sampson; 10. What the Uruguay Round means: the case of Australia Graeme Thomson; 11. Competition policies as irritants to East Asian trade J. David Richardson; 12. Japan's trade and investment in East Asia Masahiro Kawai; 13. China: export growth and enterprise reform Frances Perkins; 14. Globalisation, East Asian trade and the Uruguay Round David Robertson; 15. An APEC postscript David Robertson; Bibliography.