Trade Liberalization and Trade Preferences

This text addresses two major issues of international trade policy: trade liberalization and preferential trade agreements - paying particular attention to the inter-relationships of the two. In doing so, Michaely raises timely new questions which he believes to date have been neglected or insufficiently analysed. The work combines a theoretical analysis, a development of instruments for both ex-ante and ex-post assessment of the impact of the policies under review, and an application to particular experiences in the less-developed world over two decades.