Advertisement

Effects of WTO Accession on Policy-making in Sovereign States: Preliminary Lessons from the Recent Experience of Transition Countries

  • Marc Bacchetta
  • Zdenek Drabek

Abstract

One of the most remarkable success es of the World Trade Organization in recent years has been the expansion of WTO Membership and the continued stream of applications of countries to accede to the WTO. Of the 43 countries that have applied to accede the WTO under Article XII since January I, 1995, approximately one half are countries in the process of trans ition from a planned to a market economy. Ten of the 14 countries that have already completed their accession process and between 9 and 13 countries —depending on whether East Asian countries are included or not — of the 28 countries negotiating their accession are trans ition countries. Clearly, the WTO represents a powerful attraction for countries in transition (CIT) which treat their WTO membership as a “stamp of approval” of their policies and the admission into the international community — a feat quite important for CrT that have been isolated from world markets for more 50 years.

Keywords

Trade Policy Adjustment Cost Institutional Quality Transition Country Kyrgyz Republic 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Balasubramanyam, V. N. (1991): Putting TRIMs to Good Use. World Development, Vol. 19, No. 9, pp. 1215–24.Google Scholar
  2. Bonaglia, F., J. Braga de Macedo, and M. Bussolo (2001): How Globalisation Improves Governance. CEPR Discussion Paper, No 2992.Google Scholar
  3. Bora, B., P. J. Lloyd, and M. Pangestu (2000): Industrial Policy and the WTO. New York and Geneva: United Nations, UNCTAD, Policy Issues in International Trade and Commodities Series, No.6.Google Scholar
  4. Broadman, H. G. and F. Recanatini (2000): Seeds of Corruption: Do Market Institutions Matter? Washington, DC, World Bank Policy Research Working Paper, No 2368.Google Scholar
  5. Drabek, Z. (2000): The Transition Countries at the Crossroad of Globalization and Regionalism. Russian and East European Finance and Trade, Vol. 36, March/April, No.2.Google Scholar
  6. Drabek, Z. and S. Laird (1998): The New Liberalism: Trade Policy Developments in Emerging Markets. Journal of World Trade, Vol. 32, October, No.5, pp. 244–69.Google Scholar
  7. Drabek, Z. and W. Payne (2002): The Impact of Transparency on Foreign Direct Investment. Journal of Economic Integration, Geneva, WTO, ERAD, Working Paper No. 99-02..Google Scholar
  8. Drabek, Z. and A. Smith (1995): Trade Performance and Trade Policy in Central and Eastern Europe. London, Center for Economic Policy Research (CEPR), Discussion Paper Series, No. 1182, May.Google Scholar
  9. EBRD (2000): Transition Report. London, European Bank for Reconstruction and Development.Google Scholar
  10. Ebrill, L., J. Skotsky, and Gropp (2001): Revenue Implications of Trade Liberalization. Washington, DC, International Monetary Fund, Occasional Paper No. 180.Google Scholar
  11. Finger, J. M. and P. Schuler (1998): Implementation of Uruguay Round Commitments: The Development Challenge. Washington, DC, The World Bank, Research Department, mimeo.Google Scholar
  12. Hellman, J. S., G. Jones, and D. Kaufmann (2000): Seize the State, Seize the Day: State Capture, Corruption and Influence in Transition. Washington, DC, World Bank Policy Research Working Paper, No. 2444.Google Scholar
  13. Holland, D. and N. Pain (1998): The Diffusion of Innovations in Central and Eastern Europe: A Study of the Determinants and Impact of FDI. Manuscript, National Institute of Economics and Social Research, London.Google Scholar
  14. International Monetary Fund (2000): World Economic Outlook. Focus on Transition Econom ies, October.Google Scholar
  15. Ivanova, N. and M. Georgieva (2000): Non Tariff Trade Measures in Bulgaria and Their Impact on Trade. Prepared for the “Global Forum on Agriculture”.Google Scholar
  16. Kaminski, B. (1999): The EU Factor in Trade Policies of Central European Countries. Washington, DC, World Bank Policy Research Working Paper, No. 2239.Google Scholar
  17. Kaufmann, D., A. Kraay, and P. Zoido-Lobaton (1999a): Aggregating Governance Indicators. Washington, DC, World Bank Policy Research Working Paper, No. 2195.Google Scholar
  18. Kaufmann, D., A. Kraay, and P. Zoido-Lobaton (1999b): Governance Matters. Washington, DC, World Bank Policy Research Working Paper, No. 2196.Google Scholar
  19. Kierzkowski, H. (2000): Challenges of Globalization. In: Drabek (2000), pp. 8–41.Google Scholar
  20. Kydland, F. E. and E. C. Prescott (1977): Rules Rather Than Discretion; The Inconsistency of Optimal Plans. Journal of Political Economy, Vol. 85, pp. 473–91.CrossRefGoogle Scholar
  21. Langhammer, R. J. and M. Lücke (1999): WTO Accession Issues. World Economy, 22(6), pp. 837–873.CrossRefGoogle Scholar
  22. Lankes, H.-P. and A. J. Venables (1996): Foreign Direct Investment in Economic Transition: the Changing Pattern of Investments. Economics of Transition, Vol.4(2), pp. 331–47.CrossRefGoogle Scholar
  23. Lanoszka, A. (2001): The World Trade Organization Accession Process; Negotiating Participation in a Globalizing Economy. Journal of World Trade, Vol. 35, No.4, pp. 575–602.CrossRefGoogle Scholar
  24. Maskus, K. (1998): The International Regulation of Intellectual Property. Weltwirtschaftliches Archiv, Vol. 134, No. 2, pp. 186–208.CrossRefGoogle Scholar
  25. Michalopoulos, C. (2000): World Trade Organization Accession for Transition Economies. In: Drabek (2000), pp. 63–86.Google Scholar
  26. Morrisey, O. and Y. Rai (1995): The GATT Agreement on Trade-Related Investment Measures: Implications for Developing Countries and Their Relationship with Transnational Corporations. The Journal of Development Studies, Vol.31, June, No.5, pp. 702–24.CrossRefGoogle Scholar
  27. Muravskaya, T., E. Sumilo, and A. Vanags (2000): Latvia’s Experience with Regional Integration. Paper presented at the Round Table on “Ten Years of Trade Liberalization in Transition Economies” organised by the OECD, Paris, July.Google Scholar
  28. Naray, P. (2001): Russia and the World Trade Organization. Basingstoke, Palgrave, 2001.Google Scholar
  29. Panagariya, A. (1999): TRIPs and the WTO: An Uneasy Marriage. Geneva, Paper presented at the WTO Seminar, 20 July.Google Scholar
  30. Purju, A. (2000): Estonia’s Experience with Trade Liberalization. Paper presented at the Round Table on “Ten Years of Trade Liberalization in Transition Economies” organised by the OECD, Paris, July.Google Scholar
  31. Resmini, L. (2000): The Determinants of Foreign Direct Investment in the CEECs-New Evidence from Sectoral Patterns. Economics of Transition, Vol. 8(3), pp. 665–89.CrossRefGoogle Scholar
  32. Rodrik, D. (1987): The Economics of Export Performance Requirements. Quarterly Journal of Economics, Vol. 102, pp. 633–50.CrossRefGoogle Scholar
  33. Staiger, R. W. (1995): International Rules and Institutions for Trade Policy. In: Grossman, G. and K. Rogoff (eds.) Handbook of International Economics, Vol. III, Elsevier Science.Google Scholar
  34. Treisman, D. (2000): The Causes of Corruption: a Cross National Study. Journal of Public Economics, Vol. 76, pp. 399–457.CrossRefGoogle Scholar
  35. Tsvetkovska, M. (2000): Bulgaria’s Experience with Trade Liberalization. Paper presented at the Round Table on “Ten Years of Trade Liberalization in Transition Economies” organised by the OECD, Paris, July.Google Scholar
  36. World Bank (2001): World Development Report 2002. Building Institutions for Markets, Washington, DCGoogle Scholar
  37. Yang, Y. (1999): Completing the WTO Accession Negotiations: Issues and Challenges, World Economy, 22(4), pp. 513–534.Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2004

Authors and Affiliations

  • Marc Bacchetta
  • Zdenek Drabek

There are no affiliations available

Personalised recommendations