SOME GENERAL EQUILIBRIUM MODEL ESTIMATES OF THE IMPACT OF THE URUGUAY ROUND AND OF THE “1992” PROCESS IN THE EUROPEAN COMMUNITY ON THE NEWLY INDUSTRIALIZED COUNTRIES OF EAST ASIA

The following sections are included:

• Today's Trade Problems in East Asia

• The Impact of the Uruguay Round

• The –1992– Process

• The Contribution of General Equilibrium Models to the Understanding of those Events

• PCMMs and ICMMs, A Comparison of the Approaches

• The Properties of ICMMs

• The Three Models Invoked for Study of the Impact of Trade Policy and of the “1992” Process on East Asia

• PCMM Estimates of the Impact of Full Agricultural Trade Liberalization for Agriculture

• PCMM Estimates of the Impact of Trade Liberalization in the Textiles and Clothing Industry

• Impact of the “1992” Process

• References