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John Whalley

John Whalley is Professor of Economics at the University of Western Ontario, Research Associate at NBER, and Coordinator of the Global Economy Group at CESifo.

Titles by This Author

This book provides a much needed quantitative response to the classic question of who gains and who loses in trade liberalization and shows how important the process is for the global economy. It contributes significantly to the debate concerning trade between developed and developing countries.

John Whalley describes and uses a numerical general equilibrium model of world trade to explore issues in the area of trade liberalization among major world trading areas—the European Economic Community, the United States, Japan, and developing countries. His book is unique both in using this framework to analyze world trading patterns, and in considering a number of trading areas simultaneously within the same model. It is able to quantify the merits of alternative actions in international trade policy, the ways that the interests of the EEC, the United States, and Japan are similar and ways in which they differ, and show how the interests of less developed countries are affected by various trade liberalization initiatives.

Part I provides a description of the model, data sources and adjustments to basic data, and methods for specification and solution of the model. Part II presents results from model applications along with policy conclusions. Applications include analysis of tariff cutting formulae in the Toyko Round, an evaluation of the Tokyo Round trade agreement, examination of incentives for a retaliatory trade protection "war" between world trade blocs, and analysis of the impact of protectionist policies on North-South trade.

Titles by This Editor

The trend toward privatization, which began with privatization experiments in the UK under Margaret Thatcher and the deregulation of the telecommunications sector in the United States, has attracted the attention of policymakers over the past two decades. Privatization is broadly supported by most academic economists, but the results of actual privatization efforts seem mixed. In the UK, for example, telecom rates fell sharply after privatization, but privatized rail service was widely perceived to have declined dramatically in quality. In this CESifo volume, international experts examine the experiences of 10 EU countries, evaluating the real outcomes of privatization policies in Austria, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Spain, and the UK.The effects of privatization--which includes not only changes in ownership of public activitiesand entities but also liberalization of markets and deregulation--are difficult to distinguish from the effects of other economywide influences. The studies in this volume meet this methodological challenge by using a well-defined set of criteria, including reducing consumer prices, increasing quantity, and improving quality, by which to make their assessments. Background chapters provide a conceptual framework for considering the issues.Contributors:Pablo Arocena, Sean D. Barrett, Ansgar Belke, Michel Berne, Henrik Christoffersen, Andrea Goldstein, Günter Knieps, David Newbery, Martin Paldam, David Parke,r Gérard Pogorel, Friedrich Schneider, Eric van Damme, Ingo Vogelsang, Johan Willner