When the General Agreement on Tariffs and Trade (GATT) metamorphosed into the World Trade Organization (WTO) in 1994, it seemed that the third pillar of the international economic superstructure was finally in place. And yet with the failure of member countries to close the Doha Round of trade negotiations and the emergence of bilateral and plurilateral preferential trade arrangements (PTAs) such as the Trans-Pacific Partnership (TPP), the future of the multilateral WTO seems uncertain. In this volume, leading economists examine issues in trade policy that have arisen during this shift.
The contributors discuss such topics as the effect of trade on poverty and inequality, PTAs and litigation between trading partners, the WTO Trade Facilitation Agreement, and the relationship of food security and trade liberalization. They also offer regional perspectives on the TPP and trans-Atlantic free trade.
Rahel Aichele, Jagdish Bhagwati, Steve Charnovitz, Gabriel Felbermayr Dimitar Gueorguiev, Bernard Hoekman, Jonas Kasteng, Pravin Krishna, Mary Lovely, Petros Mavroidis, Devashish Mitra, Arvind Panagariya, Tom Prusa, Andre Sapir, Stefan Tangermann
The first IPF 2014 paper presents an assessment of the impact on India of the US Federal Reserve’s tapering talk in May 2013, and the lessons to be learnt from that for the future. The second paper uses the longitudinal panel data from the NCAER’s India Human Development Survey to answer the question of whether we can expect India’s National Food Security Act to reduce the problem of malnutrition. The third paper examines the distributional impact on women of India’s rapid economic growth during the past three decades. The fourth paper asks the question of whether India’s publicly funded health insurance schemes are working for the population below the poverty line. The volume concludes with the fifth paper discussing corruption in India and seeking to bridge the available research evidence to the policies that could be used to tackle corruption.
The annual IPF Volume is globally the most cited collection of articles on India and should be useful to researchers and policy-makers in economics and political economy.
The prime objective of this volume is to make the policy discussion accessible to a broad non-specialist audience within India and abroad and assist in the development of a global network of scholars interested in India's economic transformation.