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The Economics of Regional Trading Arrangements$
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Richard Pomfret

Print publication date: 2001

Print ISBN-13: 9780199248872

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199248877.001.0001

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Trade Preferences for Developing Countries

Trade Preferences for Developing Countries

(p.305) 15 Trade Preferences for Developing Countries
The Economics of Regional Trading Arrangements

Richard Pomfret (Contributor Webpage)

Oxford University Press

Analyses the effects of non‐reciprocal tariff preferences granted by high‐income countries to less‐developed countries. Section 1 reports the gross trade effects, which have often been small because of low export supply elasticities of the beneficiaries and exclusion of products for which supply might have been responsive. Section 2 deals with measures of trade creation, trade diversion, and the net welfare effects. Section 3 draws conclusions.

Keywords:   less‐developed countries, supply elasticity, tariff preferences, trade creation, trade diversion, welfare

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