While liberalisation is designed to help growth and alleviate poverty by removing impediments that stop people and regions from specialising and trading, the process known as Core liberalisation (CL) has three components: it frees markets in goods and services, land, capital, and labour; phases out non-market influences on prices; and clarifies property rights. In the case of China, CL accompan...

This paper explores the impact on the Southern Mediterranean Countries (SMC) of the current process of trade liberalisation with the European Union. The methodology is that of computable general equilibrium modelling under imperfect competition and the model includes 10 countries and 11 sectors. This allows for both a cross-country and cross-sectoral analysis of the results. The experiments con...

This study focuses on recent developments in the industrialised countries, in particular in Europe, that may have relevancy for energy policy formulation in China. At the request of the study commission special attention is paid to: • Institutional aspects of energy policy design and implementation. • Liberalisation in the power subsector. • Experiences with restructuring the coal subsector. • ...

In this paper we document how the unequal liberalisation of business regulation across Russia’s regions leads to varying effects on the diversification of Russia’s economy. We find that national liberalisation laws were better enforced in those regions with more transparent government. As a result, economic diversification was more marked and growth of the small business sector more significant...

Trade and investment liberalisation in tobacco products oVers no benefits for tobacco control. Thus, if trade and investment liberalisation—as embodied in international agreements or viewed as an economic process—may harm tobacco control, as we believe it might, then trade and investment liberalisation in tobacco is an unhealthy and inappropriate public policy. We support the resolution of the ...

Abstract This paper surveys the literature on the implications of trade liberalisation for intra-national economic geographies. Three results stand out. First, neither urban systems models nor new economic geography models imply a robust prediction for the impact of trade openness on spatial concentration. Whether trade promotes concentration or dispersion depends on subtle modelling choices am...

Tanzania is among the many African countries that have engaged in agricultural liberalisation since the mid-1980s, in the hope that reforms which introduce price incentives and efficient marketing will encourage producers to respond. This paper assesses that claim by examining the supply response of agricultural output in Tanzania. Our estimates suggest that agricultural supply response is quit...

We surveyed the empirical literature using multi-country computable general equilibrium (CGE) models to analyse potential and actual regional trade agreements (RTAs). The studies indicate that these RTAs improve welfare, that trade creation greatly exceeds trade diversion, and that they are consistent with further global liberalisation. The welfare gains are bigger when models incorporate aspec...

The first part of this paper examines the theoretical and empirical case for full capital account liberalisation in developing countries(DCs) and finds it unconvincing. Indeed, analysis and evidence presented here point to a compelling case against it. The second part considers the liberalisation of only the long-term capital account, particularly FDI a form of in-flow favoured by most economis...