Abstract
In this chapter, we first use the Michigan Model of World Production and Trade to simulate the economic effects of the Uruguay Round of multilateral trade negotiations completed in 1993–94 on the major industrialized and developing countries/regions. We estimate that the Uruguay Round negotiations increased global economic welfare by $73.0 billion. The developed countries overall have an estimated welfare gain of $53.8 billion, and the developing countries an estimated welfare increase of $19.2 billion.
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Brown, D.K., Deardorff, A.V., Stern, R.M. (2005). Computational Analysis of Multilateral Trade Liberalization in the Uruguay Round and Doha Development Round. In: Macrory, P.F.J., Appleton, A.E., Plummer, M.G. (eds) The World Trade Organization: Legal, Economic and Political Analysis. Springer, Boston, MA. https://doi.org/10.1007/0-387-22688-5_38
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DOI: https://doi.org/10.1007/0-387-22688-5_38
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